New Delhi, Oct 24: With the vision of Prime Minister Narendra Modi,for energy security with sustainable energy generation, under the guidance of nion Minister of Coal and Mines Kishan Reddy and Minister of State for Coal and Mines Satish Chandra Dubey, and in line with corporate plan for aggressive capacity addition, NLC India Ltd has entered into Joint Venture Agreements for formation of two significant Joint Ventures (JVs) with Rajasthan RajyaVidyutUtpadan Nigam Limited (RRVUNL).
First JV between NLC India Renewables Limited (NIRL) and RRVUNL to establish Renewable Energy projects in the state of Rajasthan and Second JV between NLCIL and RRVUNL for the development of a Lignite-Based Thermal Power Station.
In the presence of Alok, IAS, Additional Chief Secretary (ACS), Energy, Govt. of Rajasthan and Prasanna Kumar Motupalli, CMD, NLCIL, the JV agreements were signed by Dr.Prasanna Kumar Acharya, Director (Finance), NLCIL and DevendraShringi, CMD, RRVUNL. In both the Joint Ventures (JVs), NLCIL will hold a 74% equity stake, while RRVUNL will hold 26%. These JVs mark a significant step towards advancing sustainable energy and power generation.
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