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NLC forms JV to set up 1000 MW solar power projects in Assam

Newsmantra — Mon, 13 Jan 2025 09:37:05 +0000

NLC India Ltd announced a joint venture agreement with Assam Power Distribution Company Limited (APDCL) to develop 1000 MW of solar power projects in Assam. Under the arrangement, NLC India Renewables Limited (NIRL), the renewables arm of NLC, will hold a 51% equity stake, while APDCL will possess 49%. NIRL will leverage its expertise in renewable energy project development, while APDCL will assist with land acquisition, regulatory approvals, and necessary power evacuation infrastructure.

The joint venture aims to secure energy for Assam and foster socio-economic growth by creating green jobs and enhancing the state’s sustainability index. Power Purchase Agreements (PPAs) will be established with Assam DISCOMs for the sale of all generated power for a period of 25 years.

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NLC India Ltd has organized Customer Meet

Newsmantra — Tue, 23 Jul 2024 05:19:15 +0000

NLC India Ltd has organised Customer Meet on 22nd July 2024 in Chennai participated by all customers of NLCIL. Speaking on the occasion, Prasanna Kumar Motupalli, CMD, NLC India said that this Customer meet was envisaged to bridge the gap between NLCIL and State DISCOMs and other stakeholders.

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NLC India Signs Power Purchase Agreement with GRIDCO

Newsmantra — Fri, 29 Sep 2023 05:30:50 +0000

NLC India Limited and GRIDCO Limited signed a PPA in GRIDCO , Bhubaneswar for 400MW in Stage-1 and 400 MW in Stage-2 of NLCIL’s proposed Neyveli Talabira Super Critical Thermal Power Station (NTTPP) in Odisha.With this agreement, NLCIL has tied up its full capacity of 2400 MW of Neyveli Talabira Super Critical Thermal Power Station Stage-I.

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NLC plans to invest Rs 82174 crore for mining and power generation capacity expansion by 2030

Newsmantra — Tue, 05 Sep 2023 07:57:36 +0000

NLC India Ltd has formulated its Corporate Plan 2030, under which it has proposed a massive capex of Rs 82,174 crore for enhancing mining, power generation, and diversification businesses. The company is chalking out plans to expand its lignite mining capacity from the current 30.10 mtpa (million tonnes per annum) to 40.10 mtpa, as well as enhance its coal mining capacity from 20 mtpa to 44.00 mtpa by 2030. It also aims to achieve a total power generation capacity of 17,171 MW by the same period, comprising lignite, coal-based energy, and renewable energy.

As a significant step towards sustainable growth, we are proud to announce the formulation of a Corporate Plan that extends to 2030. This strategic roadmap will play a pivotal role in shaping our decisions and actions, aligning them with our commitment to sustainability and responsible business practices,” Prasanna Kumar Motupalli, CMD of NLC India, said in the company’s latest annual report.

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