NLC India Ltd., a Public Sector Undertaking under the Ministry of Coal, has entered into a memorandum of understanding with Assam Power Distribution Company Limited (APDCL) to develop 1,000 MW of solar power projects in Assam.
According to a press release, the MoU is for setting up a joint venture company with equity participation of 51% by NLCIL and 49% by APDCL. The MoU was signed by K. Mohan Reddy, Director (Planning and Projects), NLCIL, and R Kumar, Managing Director, APDCL, in the presence of Union Minister of Coal, Mines and Parliamentary Affairs, Pralhad Joshi, Chief Minister of Assam Himanta Biswa Sarma and Rakesh Kumar, Chairman-cum-Managing Director, NLCIL, in Dispur on Tuesday.
Mr. Pralhad Joshi pointed out that the initiative would be a development opportunity for the State of Assam while simultaneously contributing to the renewable energy needs of the country.
NLCIL operationalises mining along with power generation capacity of 6,061 MW, including a renewable energy capacity of 1,421.06 MW. NLCIL is the first Central Public Sector Enterprise to cross 1 GW capacity in solar power generation and is also a member of the International Solar Alliance, the release added.