NLCIL sign Agreements to boost Renewable Energy in Rajasthan – EQ
In Short : NLC India Limited (NLCIL) has signed agreements to boost renewable energy initiatives in Rajasthan, focusing on solar and wind energy production. These projects will enhance the region’s energy supply and support India’s commitment to expanding its renewable capacity. This initiative reflects NLCIL’s dedication to cleaner energy sources and aligns with government targets for sustainable energy development.
In Detail : With the vision of Hon’ble Prime Minister Shri. Narendra Modi, for energy security with sustainable energy generation, under the guidance of Hon’ble Union Minister of Coal and Mines Shri. Kishan Reddy and Hon’ble Minister of State for Coal and Mines Shri Satish Chandra Dubey, and in line with corporate plan for aggressive capacity addition, NLC India Ltd has entered into Joint Venture Agreements for formation of two significant Joint Ventures (JVs) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL).
First JV between NLC India Renewables Limited (NIRL) and RRVUNL to establish Renewable Energy projects in the state of Rajasthan and Second JV between NLCIL and RRVUNL for the development of a Lignite-Based Thermal Power Station.
In the presence of Shri. Alok, IAS, Additional Chief Secretary (ACS), Energy, Govt. of Rajasthan and Shri. Prasanna Kumar Motupalli, CMD, NLCIL, the JV agreements were signed by Dr. Prasanna Kumar Acharya, Director (Finance), NLCIL and Shri Devendra Shringi, CMD, RRVUNL. In both the Joint Ventures (JVs), NLCIL will hold a 74% equity stake, while RRVUNL will hold 26%.
These JVs mark a significant step towards advancing sustainable energy and power generation.
