In a significant move towards advancing India’s renewable energy landscape, NLC India, a distinguished Navratna public sector firm, has introduced its wholly-owned subsidiary, NLC India Green Energy Limited (NIGEL). NIGEL is set to play a pivotal role in India’s sustainable energy journey, with a strong focus on expanding renewable energy projects and pioneering technological innovations.
NIGEL’s official inauguration commenced with a landmark event – its first board meeting, where key managerial roles were assigned, and the company’s logo was unveiled. This event symbolizes the commencement of NIGEL’s mission to foster a cleaner, greener energy landscape in India.
With global emphasis on environmental sustainability, NIGEL is geared to lead the charge in the renewable energy movement. The company recognizes the urgent need to accelerate renewable power generation and is committed to doing so with unwavering dedication.
Under the leadership of Chairman Prasanna Kumar Motupalli, NIGEL aims to significantly boost India’s renewable energy power generation capacity. This aligns with the industry’s optimistic outlook, predicting substantial growth in renewable energy, including advanced storage systems such as pumped hydro systems and battery energy storage systems.
One of NIGEL’s ambitious goals is to establish renewable energy projects with a combined capacity of 6 GW by 2030. Currently, the company is actively developing projects that collectively contribute 2 GW of power generation capacity across various regions in India. These initiatives will play a pivotal role in reducing the nation’s carbon footprint and enhancing energy security.
NIGEL recognizes the enormous potential of battery energy storage systems (BESS) in India’s power grid. According to the “Optimal Energy Mix Report 2030 of CEA, Ministry of Power,” the estimated BESS capacity required on the grid is approximately 41.65 GW. This presents a remarkable opportunity for the development and deployment of cutting-edge energy storage systems, aligning with the Indian government’s vision for a greener energy landscape.
Through the creation of NIGEL, NLC India Ltd. reaffirms its unwavering commitment to green energy initiatives. This wholly-owned subsidiary will spearhead crucial tasks, including planning, participating in upcoming renewable energy tenders, executing projects, and commissioning green energy initiatives. This strategic move underscores the parent company’s dedication to sustainability and represents a significant leap forward in India’s transition to clean and renewable energy sources.