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Thursday, May 30, 2024

NLC India Limited Signs MOU with Rajasthan Govt. for Joint Venture Formation

NLC India Limited has signed a Memorandum of Understanding (MOU) with the Rajasthan Government to establish a joint venture for a 125 MW Lignite-Based Power Plant and a 1000 MW Solar Power Plant.

The MoU was exchanged in a ceremony attended by various officials, including Shri Prasanna Kumar Motupalli, CMD of NLC India Ltd, and Shri Devender Singhvi, RVUNL. The event aims to promote renewable energy and coal production in Rajasthan.

The MoU between NLC India Limited and RVUNL entails a staggering investment of more than Rs 7000 Crores. Among the notable projects, the MoU outlines the establishment of a 125 MW Lignite Pit-head Thermal Power Plant in Bikaner district and a massive 1000 MW Solar Power Plant, further reinforcing NLCIL’s commitment to renewable energy initiatives.

Additionally, a LoI for the setup of an 810 MW solar power plant has already been issued. This is in line with corporate plan of NLC India to become a power major of 17 GW capacity with more than 6 GW renewable capacity by 2030.

The MoU exchange signifies a resolute step towards sustainable and robust energy infrastructure, aligning with the Nation’s Ambitious Renewable Energy targets.

In the ceremony, MOUs were also signed with Coal India Ltd, NTPC, PGCIL and REC for adding generation capacity and transmission system and financing.

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