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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