NLC India Renewables & Assam Power Distribution Co. Ltd Sign Joint Venture Agreement for 1000 MW Solar Power Project in Assam
NLC India Renewables Limited (NIRL) and Assam Power Distribution Company Limited (APDCL) have signed a Joint Venture Agreement to develop a 1000 MW solar power project in Assam. The Joint Venture Company (JVC) will be established with an equity shareholding of 51% by NIRL and 49% by APDCL. NIRL will bring its expertise in renewable energy project development, while APDCL will facilitate land acquisition, regulatory approvals, and power evacuation infrastructure. Power Purchase Agreements (PPAs) will be signed with Assam DISCOMs for the sale of 100% of the generated power for 25 years. The Joint Venture aims to address Assam’s growing energy demands, ensure affordable and reliable power supply, and contribute to the State’s long-term energy security.
Key Highlights
- NLC India Renewables Limited (NIRL) and Assam Power Distribution Company Limited (APDCL) sign a Joint Venture Agreement for a 1000 MW solar power project in Assam.
- The Joint Venture Company (JVC) will be established with an equity shareholding of 51% by NIRL and 49% by APDCL.
- NIRL will bring its expertise in renewable energy project development, while APDCL will facilitate land acquisition, regulatory approvals, and power evacuation infrastructure.
- Power Purchase Agreements (PPAs) will be signed with Assam DISCOMs for the sale of 100% of the generated power for 25 years.
- The Joint Venture aims to address Assam’s growing energy demands, ensure affordable and reliable power supply, and contribute to the State’s long-term energy security.