NLCIL signs MoU with Gujarat for development of large-scale renewable energy projects
GS3Economy · S&T · Environment · Security· Infrastructure (energy, ports, roads, railways)· Prelims·
Why in news
NLC India Ltd. (NLCIL) signed a non-binding MoU with the Gujarat Government to develop large-scale renewable energy projects to support India's net-zero goals.
Background
NLCIL's wholly owned subsidiary, NLC India Renewables Limited, will execute the projects. The collaboration envisions an investment of approximately ₹25,000 crore in solar, wind, hybrid, and battery storage projects.
Facts for Prelims
- FactInvestment value for the NLCIL-Gujarat renewable energy MoU is approximately ₹25,000 crore
- BodyNLC India Renewables Limited is a wholly owned subsidiary of NLC India Ltd. (NLCIL)
- S&TThe project scope includes solar, wind, hybrid, and battery storage technologies
For Mains
Q. Discuss the role of Public Sector Undertakings (PSUs) in accelerating India's transition towards a net-zero economy through large-scale renewable energy investments.
Dimensions to cover in your answer
- Capital mobilization: Leveraging PSU balance sheets to bridge the high upfront costs of battery storage and hybrid systems
- State-Central synergy: Balancing state-led industrial goals with national decarbonization targets and grid stability
Keywords: Net Zero · Renewable Energy · Public Sector Undertaking · Energy Transition · Battery Storage
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