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NLC India’s arm signs joint venture agreement with APDCL

11 Jan 2025 Evaluate

NLC India’s wholly-owned subsidiary -- NLC India Renewables (NIRL) and Assam Power Distribution Company (APDCL) have signed joint venture agreement for development of Solar Power Project in Assam. The joint venture agreement between NLC India Renewables and Assam Power Distribution Company outlines the establishment of a Joint Venture Company (JVC) aimed at developing 1000 MW of green energy projects in Assam.  

The JVC will be established with an equity shareholding of 51 % by NIRL and 49% by APDCL. NIRL will bring its expertise in renewable energy project development. APDCL will facilitate land acquisition, regulatory approvals, and power evacuation infrastructure. 

The Joint Venture aims to address Assam's growing energy demands by developing renewable energy projects, ensuring affordable and reliable power supply, and contributing to the State's long term energy security. The partnership aligns with the Government of India's focus on increasing renewable energy penetration in the country's energy mix to combat climate change and support sustainable development.

NLC India is engaged in the business of lignite mining and power generation.


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