State-run miner Neyveli lignite Corporation (NlC) on Friday said it is set to foray into coal mining for power generation and aspires to become a 19,000 MW power company by 2025.
“NlC ltd has moved from an only lignite mining and power generation company to become an energy company now by diversifying into coal based power generation and generation from renewable energy sources like solar and wind...
“... We have set ourselves a high growth target to be a 19,000 MW power company (by 2025) with its own fuel security from its lignite and coal mines,” NlC CMD Sarat Kumar Acharya said on Friday.
In a presentation to a Parliamentary Consultative Committee attached to the Ministry of Coal, headed by Coal and Power Minister Piyush Goyal, Acharya said the company plans to go for coal mining and coal-based power generation in a big way, an official statement said.
Acharya gave a detailed presentation highlighting production and financial performance, capacity additions and ongoing and new projects.
On sustainability development projects and corporate social responsibility measures, he said thrust areas include environment improvement programme such as eco-restoration in mines, massive afforestation programmes, rainwater harvesting, waste utilisation, and conservation of bio-diversity, effective water and energy management, pollution control and mitigating the impact of climate change.