Neyveli Lignite Corporation (NLC) has entered into a joint venture agreement (JVA) with Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVUNL) on October 06, 2012 for setting up a 1,980 MW coal based thermal power project in Ghatampur Tehsil, Kanpur Nagar district at Uttar Pradesh. The company will hold 51% of the equity while UPRVUNL will hold the remaining 49% stake in the project.
The company has entered into JVA pursuant to receiving letter dated April 24, 2012, from Ministry of Coal, Government of India.
Neyveli Lignite Corporation is engaged in the business of lignite mining and power generation. At present, the company has four opencast lignite mines with a capacity of about 30.60 million tonnes per annum, while it can produce about 2,740 MW of power from four power plants.
