4.45 (1.03%) Coal India’s (CIL) subsidiary -- Northern Coalfields (NCL) has joined hand with power major NTPC to install a 50 MW solar power project in Madhya Pradesh (MP). This is the first ground-mounted solar project of NCL for which project consultant NTPC has invited bids with a pre-bid date set on October 7 and tender opening date on October 22.
As a project consultant, NTPC will help NCL get a successful bidder for this project and then NCL will get the project executed through the successful bidder. With the availability of land and not much work on transmission line construction, this solar project is an attractive proposition for NCL and the company itself will use the power produced through this project. Notably, CIL has planned to produce 3,000 megawatts of solar power by 2023-24 and become a net-zero company. This NCL project would supplement to the efforts of the CIL in achieving this goal.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.