5 months ago
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NLC India Ltd. (NLCIL) has inked a memorandum of knowing (MoU) with the Gujarat Government for improvement of large-scale renewable vigor projects successful the State.
According to a property note, the MoU was signed by Devendra Pratap Singh, Executive Director (Projects and Business Development) and Chief Executive Officer, NLC India Renewables Limited (NIRL) and Bhakthi Shamal, Joint Secretary, Energy and Petrochemicals Department, Government of Gujarat successful the beingness of Union Minister for Commerce and Industry Piyush Goyal astatine the Vibrant Gujarat Regional Conference astatine Rajkot connected Tuesday.
The MoU is non-binding successful quality and envisages the improvement of large-scale renewable vigor projects successful the State, including solar, wind, hybrid and Battery Energy Storage Projects, with an aggregate concern imaginable of astir ₹25,000 crore and procreation of important employment opportunities.
The projected projects volition beryllium developed done NIRL, a wholly owned subsidiary of NLCIL. This strategical collaboration aligns with NLCIL’s firm program to execute 10 GW of renewable vigor capableness by 2030, and underscores the company’s committedness towards sustainable development, vigor information and decarbonisation.
Under the MoU, the Gujarat authorities volition assistance NLCIL/NIRL successful obtaining indispensable statutory approvals, clearances, registrations and different enactment arsenic per the prevailing policies and regulations of the State Government, enabling time-bound implementation of the projected projects.
The collaboration further strengthens Gujarat’s presumption arsenic a starring hub for renewable vigor successful the state and contributes to India’s nationalist goals of achieving Net Zero emissions and enhancing the stock of non-fossil fuel-based powerfulness generation.
