NLC India to invest Rs 1.3 trillion

NLC India has lined up a capital expenditure of Rs 1.29 trillion in order to raise its capacity for mining and power generation. Of the total proposed investment, around 70 per cent would be funded through debt and the rest through equity, the company said. The investment includes the acquisition of power assets worth around
3,000 MW. The proposed investment is to achieve the company's vision of taking the total mining capacity from 30.60 million tonnes per annum (mtpa) to 62.55 mtpa by 2025. The power production capacity will be increased to 16,580 MW from 4,431 MW, taking the total power generation capacity to 21,011 MW. The additional power generation capacity includes 5,980 MW of coal and 4,060 MW of renewable assets. Currently, of the total 4,431 MW power-generation capacity, around 3,240 MW is based on lignite, 1,000 MW on coal and 191 MW on renewable energy. Major chunk of the additional capacity will come from coal and renewable.