New Delhi, Feb 16: NLC India Limited (NLCIL), a Navratna Central Public Sector Enterprise under the Ministry of Coal, has signed a Memorandum of Understanding (MoU) with the National Aluminium Company (NALCO), which operates under the Ministry of Mines.
This MoU aims to enhance cooperation on thermal and renewable energy projects. Notable signatories included NLCIL‘s CMD Shri Prasanna Kumar Motupalli and senior officials from both organizations, with the agreement promoting a collaborative framework for a proposed 1200 MW Thermal Captive Power Project.
The MoU is designed to ensure reliable, cost-effective, and sustainable energy supply for NALCO‘s long-term power needs and supports the exploration of captive power arrangements and coal supply agreements. It also envisions joint project development, possibly leading to the formation of a Joint Venture Company.
This partnership is intended to optimize national resources, enhance energy security, and contribute to India’s broader industrial growth and sustainability goals, alongside NLCIL’s capacity-building initiatives.
