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Wednesday, May 29, 2024

CIL and RRVUNL Ink MoU for 4100 MW Power Collaboration

Coal India Limited (CIL) has signed a Memorandum of Understanding (MoU) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) for the exploration and implementation of 4,100 MW capacity power projects, significantly diversifying its business portfolio into thermal and renewable power generating.

The anticipated energy generation would be achieved by a combination of coal-fired thermal power plants, solar projects, pump storage plants, and wind projects. Rajasthan is considering numerous options for obtaining power to fulfill rising energy demand, and the full generation would be bought by the sunny state.

Dr. A K Samantaray, Executive-Director (Corporate Affairs and Business Development) CIL and Shri Devendra Shringi, Chairman and Managing Director, RRVUNL signed the MoU document formally on behalf of their respective companies.

The five proposed projects are 2×800 MW coal based pit-head power plant to come up in a coal bearing state, whose power would be drawn by Rajasthan. Others are a 2000 MW solar power project in RRVUNL’s solar park; 200 MW (2×100) pump storage project at Jawahar Sagar; 250 MW of solar project on the land acquired for Banswara TPP by RRVUNL and 50 MW wind project at the existing Ramgarh gas project, Jaisalmer.

 As per the MoU stipulation RRVUNL shall ensure offtake guarantee from the projects and also acquire, possess, and transfer the developed land parcels to JVC. CIL shall carry out feasibility studies and conduct analysis for financial viability of each of the proposed projects.

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