NTPC, NLC India and Other State-Run Companies to Set Up Green Energy Parks in the Country

As part of India’s energy security efforts, state-run companies present in the conventional power space such as NTPC Ltd, NLC India Ltd, and Power Grid Corp. of India Ltd (PGCIL) are being roped in to build huge green energy parks

Setting up such parks will deliver heft to India at the world stage precisely in the view of a rapidly evolving global energy landscape and a fundamental change in the global investment culture. Prime Minister Narendra Modi will be attending the UN Climate Action Summit on 23 September in New York.

These planned ultra-mega renewable energy power parks (UMREPP) of 2,000 megawatts (MW) involving a cost of around $2 billion each, are to be set up in wind and solar resource rich states such as Jammu and Kashmir, Andhra Pradesh, Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, Tamil Nadu and Telangana, according to a government note.