NLC India, NIWE ink pact to collaborate for onshore and offshore wind power projects in India

20 Oct 2022 , 09:24 AM

NLC India Limited (NLCIL) has signed a Memorandum of Understanding (MoU) with the National Institute of Wind Energy (NIWE), an autonomous R&D organisation under the Ministry of New and Renewable Energy (MNRE), to collaborate on onshore and offshore wind power projects in India.

NLCIL and NIWE inked an agreement to provide joint technical services and advises for the development of onshore and offshore wind energy projects.

The MoU also envisions reaping the benefits of repowering existing wind turbines and improving O&M standards in upcoming and running wind power projects. In addition to the foregoing, NIWE will provide NLCIL with competency-building training on current advances in the RE sector.

NLCIL has adopted the aforementioned action in order to contribute to the National Green Energy objectives and the Energy Transition aim. This MoU aims to combine NIWE’s technical experience with NLCIL’s project development skills.

The MoU was signed and exchanged on October 19, 2022, at the NIWE office in Pallikaranai, Chennai, by K. Mohan Reddy, Director (Planning & Projects), NLCIL, and K. Balraman, Director General (NIWE) in the august presence of higher officials from NLCIL and NIWE.

This MoU is projected to contribute to national growth through increasing RE capacity.

NLC India was trading at Rs71.05 down by 0.77% from its previous closing of Rs71.60 on the BSE. The scrip opened at Rs71 and touched intraday high and low of Rs71.45 and Rs70.30 respectively.

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