NLC India Ltd., a Public Sector Undertaking under the Ministry of Coal, has entered into a memorandum of understanding with Assam Power Distribution Company Limited (APDCL) to develop 1,000 MW of solar power projects in Assam.
According to a press release, the MoU is for setting up a joint venture company with equity participation of 51% by NLCIL and 49% by APDCL. The MoU was signed by K. Mohan Reddy, Director (Planning and Projects), NLCIL, and R Kumar, Managing Director, APDCL, in the presence of Union Minister of Coal, Mines and Parliamentary Affairs, Pralhad Joshi, Chief Minister of Assam Himanta Biswa Sarma and Rakesh Kumar, Chairman-cum-Managing Director, NLCIL, in Dispur on Tuesday.
Mr. Pralhad Joshi pointed out that the initiative would be a development opportunity for the State of Assam while simultaneously contributing to the renewable energy needs of the country.
