NLC India and RRVUNL Form Joint Ventures for Energy Projects
NLC India Ltd has announced the formation of two joint ventures with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL). The first venture involves NLC India Renewables Limited (NIRL) and RRVUNL to develop renewable energy projects in Rajasthan. The second venture focuses on creating a lignite-based thermal power station.
These collaborations are part of NLC India’s strategy to expand its energy capacity from 1.4 GW to 10 GW by 2030. The company celebrated its 10th anniversary in renewable energy generation in September, with projects in Neyveli, Barsingsar, Gujarat, and Assam.
In August 2024, NLCIL signed a 25-year agreement with Telangana state DISCOMs for 200 MW of solar energy. The company aims to reach 10,000 MW of renewable energy capacity by 2030, supported by subsidiaries NLC India Renewables Ltd and NLC India Green Energy Ltd.
NLCIL is exploring various renewable energy projects, including solar, wind, energy storage, and green hydrogen. As a member of the International Solar Alliance, NLCIL is committed to environmental sustainability. The company has transitioned from lignite-based power to renewable energy, operating significant solar and wind power plants, and has prevented 1 crore tonnes of carbon dioxide emissions.
NLC India Limited is dedicated to achieving net-zero emissions by 2070, aligning with the Prime Minister’s vision for a sustainable future.
Doubts Revealed
NLC India Ltd -: NLC India Ltd is a government-owned company in India that works in the energy sector. It is involved in mining and power generation, especially using lignite, which is a type of coal.
RRVUNL -: RRVUNL stands for Rajasthan Rajya Vidyut Utpadan Nigam Limited. It is a company owned by the Rajasthan government that generates electricity for the state.
Renewable Energy -: Renewable energy comes from natural sources that can be replenished, like sunlight, wind, and water. It is considered environmentally friendly because it doesn’t produce harmful emissions.
Lignite -: Lignite is a type of coal that is used to produce electricity. It is not as energy-rich as other types of coal and produces more pollution, which is why companies are moving towards cleaner energy sources.
Thermal Power Station -: A thermal power station is a facility where heat energy is converted into electricity. It often uses coal, oil, or gas to produce the heat needed to generate power.
10 GW -: 10 GW stands for 10 gigawatts, which is a measure of electrical power. One gigawatt is equal to one billion watts, and it’s a large amount of power that can supply electricity to many homes and businesses.
Net-zero emissions -: Net-zero emissions mean balancing the amount of greenhouse gases released with an equivalent amount removed from the atmosphere. It is a goal to stop contributing to climate change by 2070.