(ET)
Coal India and NLC India (NLCIL), formerly Neyveli Lignite Corporation, will jointly set up 5000 mw of power generation capacity of which 3000 mw would be solar powered while the rest 2000 mw would be coal fuelled. CIL and NCIL on Monday signed a memorandum of understanding (MoU) for setting up a 50:50 joint venture company that would undertake the projects. Coal India has been tasked to become a net zero emission energy company by ministry of coal, a move which requires it to generate 3,000 mw of solar power. The MoU, also extends for setting up of 2,000 mw of thermal power generation across CIL’s subsidiaries. Solar projects will be set up over 15,000 acres on identified barren and reclaimed free land of Coal India and also at locations where free land is available.
