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JVC for Developing Solar and Thermal Power Assets

  • Posted By
    10Pointer
  • Categories
    Environment
  • Published
    7th Jul, 2020
  • A Navratna Company of Government of India- NLC India Limited has signed an agreement with a Maharatna Company- Coal India Limited to form a Joint Venture Company (JVC) for developing Solar and Thermal power assets.
  • In the Joint Venture Company, both NLC and Coal India will have equal 50:50 equity.
  • Solar and Thermal power assets of 5000 megawatts (5 GW) will be developed by the joint venture company.
  • The Joint Venture Company will be set up under the Ministry of Coal.