Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

Indian Coal Mining Company Sets 4 GW Solar Power Target

Originally published on Solar Love

State-owned companies in India are looking to participate in the aggressive renewable energy investment drive currently being led by the private sector companies.

India’s publicly-owned lignite mining and power generation company Neyveli Lignite Corporation (NLC) has announced plan to set up 4,000 MW of solar projects across various states of India. The project would entail an investment of up to $4.6 billion. The proposed projects would be set up in the states of Tamil Nadu, Karnataka, Kerala, Telangana and Rajasthan.

This announcement was made by B Surender Mohan, Chairman and Managing Director of Neyveli Lignite, at the time of inaugurating the company’s first 10 MW solar power plant under the National Solar Mission. Additionally, land has been identified in Neyveli Township for the installation of a 130 MW solar power project. Also, a decision has been made to set up a 25 MW solar power project at Barsingsar, Rajasthan, at a cost of $26 million. The company has been slowly increasing its renewable energy portfolio.

This is not the first time Neyveli Lignite has announced plans to set up solar power projects. In April of this year, the company announced plans to build 600MW of solar power projects, and the company intends to actively participate in the solar power auctions announced by the various state governments. The techno-economic viability studies and land allocation is believed to be underway for setting up of the projects.

The company is also building 51 MW wind farm at Kazhuneerkulam Village of Tirunelveli District. Out of a total of 34 turbines of 1.5MW capacity each, 9 wind turbines have already been commissioned, and the wind farm is expected to be fully operational by the end of this year. 

Coal mining companies are under pressure from various environmental groups to source their coal in a more environment-friendly way to reduce their overall carbon footprint. Investing in renewable energy would help coal companies to fulfill their corporate social responsibility obligations. Last year, the world’s largest coal producer, Coal India Limited, made a similar announcement to develop 1 GW of solar projects across various states.

Last year, India doubled the tax on every metric ton of coal mined or imported in the country. The revenue generated from the coal tax would finance the National Clean Energy Fund (NCEF), which would be utilized for the development of renewable energy projects, environmental projects, and research and development projects. 

Reprinted with permission.

 

Advertisement
 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

An avid follower of latest developments in the Indian renewable energy sector.

Comments

You May Also Like

Clean Power

Government-owned Hindustan Salts has invited bids for the development of 1 gigawatt of solar power capacity.  Hindustan Salts has floated a tender inviting developers...

Clean Transport

EVage is setting up micro factories to produce its Model.X delivery vans to help satisfy the burgeoning demand for electric 4-wheel delivery vehicles. The...

Clean Power

Welcome to another issue of our India x Cleantech series! On a monthly basis, we are pulling news from across clean technology sectors in...

Cars

Tesla’s move into India is currently on hold, Reuters reports, adding that Tesla has abandoned a search for a showroom space while reassigning some...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.