NLC India Limited Join hands with Coal India Ltd for stepping up Solar Power Generation MOU

NLC India Limited Join hands with Coal India Ltd for stepping up Solar Power Generation

 

Kolkata: NLC India Limited (NLCIL), Neyveli and Coal India Limited (CIL), Kolkatta have signed a Memorandum of Understanding (MoU), on 8th Sep 2018 in CIL Headquarters at Kolkatta for formation of Joint Venture Company for setting up Solar Power Projects of 3000 MW and Thermal Power Projects of 2000 MW.
 
Shri Nathella Naga Maheswar Rao, Director (Planning & Projects), NLCIL and Shri Binay Dayal, Director (Tech.), CIL signed the MoU on 08.10.2018 at Kolkatta, in the presence of Shri Rakesh Kumar, Chairman cum Managing Director, NLCIL and Shri Anil Kumar Jha, Chairman, CIL. All the functional directors of CIL were present during the occasion. The Directors of NLCIL and senior officials were also part of the event through video conferencing.
 
CIL is tasked to become a Net Zero energy company by the Union Ministry of Coal, a move which entails the company to generate 3,000 MW of Solar Power. The MoU, also extends for 2,000 MW of thermal power generation across CIL’s subsidiaries. Solar power projects will be set up in the identified barren and reclaimed free land of CIL and also across the country where land is available, requiring around 15,000 acres. The estimated cost for CIL’s solar power generation is pegged at Rs.12,000 Crores.
 
The JV Company to come up on equal equity participation of 50:50 has a timeline of 15 months for completion of solar power projects and 60 month period for Thermal Power Projects. The projects will be financed through the debt-equity ratio of 70:30 as per the CERC norms. A concept paper has been initiated by both the companies to get clearance from their respective boards.
 
'This is a synergistic step, combining the resources of both the companies for a common goal. CIL will be riding the core technical expertise of NLCIL in thermal power generation and Solar PV Power', stated an official of CIL.


Posted Date :  09-10-18

Categories : MOU

Similar news

NTPC Signs MoU with IOC for Business Opportunities

New Delhi: A Memorandum of Understanding has been executed between NTPC Limited and Indian Oil Corporation Limited to explore possible business opportunities in the areas of mutual interest like Power Supply to Refineries, Setting up of new Power Plant & Acquisition of Power Plants under NCLT, Fu
Posted Date :  23-07-19

Read more

SAIL Signs MoU with GeM for More Efficient Public Procurement

New Delhi: Steel Authority of India Limited (SAIL) has signed a Memorandum of Understanding (MoU) with Government e-Marketplace (GeM), Department of Commerce, Ministry of Commerce and Industry, Government of India for procurement of Goods & Services on GeM portal on 18th July, 2019. Amongst CPSEs
Posted Date :  23-07-19

Read more

NALCO NIT-Rourkela and NITRAA to set up Centre of Excellence

Bhubaneswar: In yet another step of Journey of Excellence, NALCO has inked a Memorandum of Understanding with NIT Rourkela & NIT Rourkela Alumni Association (NITRAA) for creation of a Centre of Excellence with the objective of collaboration to develop entrepreneurs by supporting technology-driven
Posted Date :  18-07-19

Read more

NRDC Inks MoU with IPFC Cell DGQA Ministry of Defence

New Delhi: National Research Development Corporation (NRDC) an Enterprise of DSIR, Ministry of Science & Technology signed a Memorandum of Understanding (MoU) with Intellectual Property Facilitation Cell (IPFC), Director General of Quality Assurance (DGQA), Department of Defence Production (DDP),
Posted Date :  15-07-19

Read more

SJVN Signs an MoU with BHEL to Develop Solar Power Projects

New Delhi: SJVN Limited has entered into a MoU with Bharat Heavy Electrical Limited (BHEL) for development of Solar Power projects in India. The MoU aims at building a closer strategic partnership between the parties for jointly pursuing commercial solar power projects through participation in ta
Posted Date :  09-07-19

Read more

HEC Signs MoU with MSTC Ltd.

Ranchi: Heavy Engineering Corporation Limited (HEC) signed an MoU with MSTC Ltd., a Govt. of India Enterprise on 9th July 2019 to engage MSTC for disposal of all surplus, condemned, scrap and obsolete materials through MSTC’s Auction web site via e-auction route.   The MOU was signed
Posted Date :  09-07-19

Read more

Reclamation of Mining Land through Livestock Rearing in Mining II

Neyveli: A MoU has been reached between NLCIL and Ms. Vyakthi Vikas Kendra India (VVKI), Bangalore, an organization with expertise in the field, to take up Land reclamation through rearing of live stocks as a pilot project.   Land reclamation works in Mine II were first taken up during
Posted Date :  06-07-19

Read more

HPCL ties up with Ashok Leyland for Sadak Ke Saathi

New Delhi: Hindustan Petroleum Corporation Limited (HPCL) and Ashok Leyland launched a unique break down maintenance solution titled 'Sadak Ka Saathi' for DriveTrack Plus customers. Under this arrangement, any break down of any make of truck will be attended in 4 hours and if it gets nece
Posted Date :  05-07-19

Read more

NHPC Signed an MoU with Ministry of Power

New Delhi: NHPC Limited, India’s premier hydropower utility and a Scheduled ‘A’ Mini Ratna Enterprise of the Government of India has signed Memorandum of Understanding (MoU) on recently with Ministry of Power, Government of India for the year 2019-20. The MoU was signed by Shri Ajay Kumar B
Posted Date :  03-07-19

Read more

EESL Signed an MoU with Gujarat Gas

New Delhi: Energy Efficiency Services Limited (EESL) has signed an MoU with Gujarat Gas Limited, an Indian natural gas distribution company of Gujarat State, on 24th June 2019. Under this MoU the Company will be responsible for reducing energy costs and enabling access to uninterrupted power, coo
Posted Date :  24-06-19

Read more

SJVN sets Ambitious Target of Skilling over 6000 Local Farmers

Shimla: Prime minister of India, Shri Narendra Modi has set the ambitious target of doubling the income of farmers by 2022. Taking the clue from this, SJVN Limited has set for itself an ambitious targets for skilling over 6000 farmers by 2022 in latest farm techniques and knowhow. In this directi
Posted Date :  22-06-19

Read more

NSIC Signs MoU with CSC - eGovernance Services India

New Delhi: National Small Industries Corporation (NSIC) has signed MoU with Common Service Centres (CSC) e-Governance Services India for enhancing new offerings for the MSME sector by synergizing each others competence. The MoU was signed by Shri Ram Mohan Mishra, AS&DC (MSME) and CMD, NSIC and b
Posted Date :  22-06-19

Read more

POWERGRID and NTPC Limited Signed an MoU to Set-up NCDC

New Delhi: An agreement has been signed between NTPC Limited and POWERGRID for setting up National Electricity Distribution Company Ltd. (NEDCL) - a pan-India power distribution firm in an equal joint venture through JVC on 50:50 equity basis. 'The main aim is to undertake the business for di
Posted Date :  22-06-19

Read more

IRSDC Signed an MoA with EPIL and Bridge and Roof

New Delhi: Indian Railway Stations Development Corporation (IRSDC) and two Central Public Sector Enterprise (CPSE) i.e., Engineering Projects (India) Ltd. (EPIL) and Bridge & Roof Company (India) Ltd. have signed a Memorandum of Agreement (MoA) on 'Railway Station Redevelopment' on 20th J
Posted Date :  21-06-19

Read more

BDL Signs Contract for Supply of Torpedoes to Indian Navy

New Delhi: Bharat Dynamics Limited (BDL) has signed a contract worth of Rs 1,187.82 Crores for supply of Heavy Weight Torpedoes to Indian Navy.   The contract was signed  by Shri NP Diwakar, Director (Technical), BDL and Ms Nidhi Chhibber, Joint Secretary & Acquisition Manager (Maritime
Posted Date :  17-06-19

Read more

NRDC Inks MoA with Indian Institute of Petroleum and Energy

New Delhi: National Research Development Corporation (NRDC), under the Ministry of Science & Technology, signed Memorandum of Agreement with Indian Institute of Petroleum and Energy (IIPE), Visakhapatnam under Ministry of Petroleum & Natural Gas, Govt of India on 2nd June 2019 at Visakhapatnam du
Posted Date :  10-06-19

Read more