Joint Venture29 Aug 2024, 10:31 pm
NLC India Ltd to Enter Joint Venture for Lignite-based Thermal Power Station in Rajasthan
AI Summary
NLC India Ltd (NLCIL) has approved the entry into a Joint Venture Agreement (JVA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) for setting up a Lignite based Thermal Power Station in the Rajasthan State. The JVA also includes the development of mines to meet the fuel requirement of the Thermal Power Station. The joint venture is subject to approval from the Government of India and other statutory approvals. NLCIL also approved, in principle, the formation of a Joint Venture Company with RVUNL through NLC India Renewables Limited, a Wholly Owned Subsidiary Company, for developing renewable power projects of capacity up to 2,000 MW, subject to approval from the Government of India and other Statutory approvals.
Key Highlights
- NLC India Ltd (NLCIL) and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) to enter into a Joint Venture Agreement (JVA) for setting up a Lignite based Thermal Power Station in Rajasthan.
- The JVA includes the development of mines to meet the fuel requirement of the Thermal Power Station.
- The joint venture is subject to approval from the Government of India and other statutory approvals.
- NLCIL also approved, in principle, the formation of a Joint Venture Company with RVUNL for developing renewable power projects of capacity up to 2,000 MW.
- The formation of the joint venture company is also subject to approval from the Government of India and other statutory approvals.