Latest News | NLC India, CIL Sign Pact to Form JV to Develop 5,000 MW Solar, Thermal Power Assets
Get latest articles and stories on Latest News at LatestLY. NLC India on Friday said it has signed a pact with state-owned CIL to form a joint venture (JV) to develop 5,000 megawatts of solar and thermal power assets across the country.
New Delhi, Jul 3 (PTI) NLC India on Friday said it has signed a pact with state-owned CIL to form a joint venture (JV) to develop 5,000 megawatts of solar and thermal power assets across the country.
The equity participation in the proposed JV between Coal India Ltd (CIL) and NLC India will be in the ratio of 50:50, NLC India said in a regulatory filing.
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"This JV company marks a new era in the power sector with the synergy and expertise of two central public sector undertakings under the Ministry of Coal," the company said.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)