NLC India’s renewable power capacity exceeds 1 GW
State-owned mining-cum-power generating company NLC India has said its installed capacity in the renewable sector has exceeded 1,000 MW.
The company commissioned 95-MW capacity of the 109-MW solar power project in Ramanathapuram district in south Tamil Nadu. With this, the total renewable capacity established by the company exceeded 1 GW.
The above project was part of 709-MW solar power projects awarded by TANGEDCO. The total cost of the 709 MW projects is estimated at ₹3,036 crore. This will have a debt-equity ratio of 80:20. “These projects are expected to be commissioned during this fiscal,” Rakesh Kumar, Chairman & Managing Director of NLC India, had told the company’s recent conference call.
