NLCIL FORAYS INTO POWER TRADING – A NEW BUSINESS INITIATIVE

By Sarkaritel June 13, 2018 21:06

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NLCIL CMD Dr. S K Acharya

Neyveli, June 13 NLC India Limited (NLCIL), the pioneer in Lignite Mining and Power Generation has transformed itself to an energy major with its business ventures into Coal Mining, Coal based Power Generation and Generation of Power from renewable (Solar and Wind) in a big way.

Now, as a part of its business promotion and diversification plan NLCIL has joined the league of Accredited Power Traders in the country with Central Electricity Regulatory Commission (CERC) granting it Category I Licence for power trading.

NLCIL took up to trading of Un-Requisitioned Surplus Power (URS) in the year 2016 through NTPC Vidyut Vyapar Nigam limited (NVVN) and earned a revenue of Rs.134 Crs from power trading in the year 2016-17 which went up to Rs.294 Crs in the year 2017-18.

Now NLCIL will take up trading of power in power market as an independent power trader. It plans to carry out the trading activity through an exclusively power trading arm for trading power by procuring power from other Generating Companies (GENCOS) through bilateral agreements.

The trading of surplus power in the market will pave the way for effective utilisation of generating capacity of GENCOS by catering to needy procurers by utilising the surrendered/surplus power which otherwise would have gone waste. The trading licence in favour of NLCIL now strengthens the company’s endeavour to contribute to the Nation’s Growth by facilitating efficient usage of power.