Pumped Hydro System and Battery Energy Storage System will happen concurrently, says Motupalli
Newly incorporated NLC India Green Energy Limited (NIGEL) is expected to establish 6 GW Renewable Energy projects to the capacity by 2030.
Projects to the tune of 2 GW are being developed at various parts of the country, said NIGEL Chairman Prasanna Kumar Motupalli on 22 Oct 2023.
The company’s first Board meeting approved the appointment of key managerial positions were along with adoption of the company’s logo.
“The RE focused company will help in increasing the RE power generation capacity faster,” he said.
“With industry climate very optimistic, the growth of RE including storage systems like Pumped Hydro System and Battery Energy Storage System will happen concurrently.”
He further added that as per the Optimal Energy Mix Report 2030 of CEA, Ministry of Power, the envisaged BESS on the Grid is about 41.65 GW and this provides great opportunity for storage system development. Fiinews.com
