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As per the terms of agreement, MAHAPREIT will support the acquisition of land and power evacuation infrastructure.
Earlier in May, the public sector enterprise entered into a power purchase agreement. It was for an 810 MW solar project in Rajasthan.
The 810 MW solar scheme will be set up at the Pugal Solar Park located in Rajasthan's Bikaner district, a region with high solar radiation and extensive barren lands
NLC's subsidiary has executed a PPA with Rajasthan Rajya Vidyut Utpadan Nigam Ltd. (RVUNL) for 810 MW solar power plant at Pugal Solar Park, Rajasthan
The board approved the stated proposal in its meeting held on March 10, 2025.
This is a noteworthy development because it is the first fossil fuel-based thermal power plant to be commissioned in India this fiscal year.
It further stated that a formal notification recognizing the business as the victorious bidder is expected shortly.
The eleventh round of auction saw the sale of nine blocks in total. Five coal mines were auctioned on the first day.
Letters of Comfort were approved for four subsidiaries — NIRL, NLC India Green Energy Ltd, Neyveli Uttar Pradesh Power Ltd, and NLC Tamil Nadu Power Ltd — to facilitate their borrowing needs.
NLCIL will appoint four directors to the joint venture companies, and RVUNL will appoint two directors.
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