Coal India Limited and NLC India will jointly develop solar power assets

CIL and NLC

Highlights :

Coal India Limited and NLC India will jointly develop solar power assets of 3,000 MW
Investment of around ₹ 12,000 crore
At present, solar capex for each MW is around ₹ 4 crore.

Coal India Limited ( CIL ) and NLC India will jointly develop solar power assets of 3,000 MW with a likely investment of around ₹ 12,000 crore.

The two state-run companies had on Friday said that they would form a Joint Venture JV to develop 5,000 MW of solar and thermal power assets around the country.

At present, solar capex for each MW is around ₹ 4 crore.

The JV aims to utilise the core capabilities and infrastructure of CIL and NLC for the creation of power assets to harness renewable resources of energy.

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