New Delhi: NLC India Ltd has entered into Joint Venture Agreements for the formation of two significant Joint Ventures (JVs) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL).
The first JV is signed between NLC India Renewables Limited (NIRL) and RRVUNL to establish renewable energy projects in the state of Rajasthan. The second JV is between NLCIL and RRVUNL for the development of a lignite-based thermal power station.
In the presence of the Additional Chief Secretary (ACS), Energy, Government of Rajasthan, and the CMD of NLCIL, the JV agreements were signed by the Director (Finance) of NLCIL and the CMD of RRVUNL. In both Joint Ventures, 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.
BI Bureau
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