Deals6 Mar 2024, 06:00 pm
NLC India Limited signs Power Purchase Agreement for 600 MW Solar Power Project
AI Summary
NLC India Limited, a Navratna company of the Government of India, has incorporated a wholly owned subsidiary, NLC India Green Energy Limited, to carry out future Renewable Energy Projects. The subsidiary has signed a Power Purchase Agreement with Gujarat Urja Vikas Nigam Limited for a 600 MW Solar Power Project in Khavda Solar Park, Gujarat.,
Key Highlights
- Incorporation of a wholly owned subsidiary for Renewable Energy projects
- Signing of Power Purchase Agreement for 600 MW Solar Power Project
- Project to be developed in Khavda Solar Park, Gujarat
- Estimated annual electricity generation of 1,577.88 MU
- Cumulative electricity generation of 39.447 BU in lifetime
- Carbon dioxide emissions offset of approximately 35.5 Million Metric Tons