NLC India signs JV agreements with RVUNL to set up thermal power station and renewable projects in Rajasthan

NLC India Limited (NLCIL) has announced two major joint venture agreements with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) to set up a 375 MW lignite-based thermal power station and develop 2000 MW renewable power projects in Rajasthan.

The initial paid-up capital of the joint venture is INR 5,00,000/-, with NLCIL holding 74% and RVUNL holding 26%.

Key Developments:

1. Lignite-Based Thermal Power Station (3×125 MW)
   NLCIL and RVUNL have agreed to establish a 3×125 MW lignite-based thermal power plant in Rajasthan.
2. 2000 MW Renewable Power Projects
   NLC India Renewables Limited (NIRL), a wholly-owned subsidiary of NLCIL, will collaborate with RVUNL to develop 2000 MW of renewable energy projects.

The joint venture agreements between NLC India Limited and Rajasthan Rajya Vidyut Utpadan Nigam Limited mark a pivotal moment in Rajasthan’s energy sector, paving the way for substantial growth in both thermal and renewable energy production.