APDCL and NLC India's arm join hand to develop solar projects in Assam
The renewable energy arm of NLC India has formed a joint venture pact with Assam Power Distribution Company Ltd (APDCL) for developing 1000 MW solar power projects in Assam. In the joint venture (JV) NLC India Renewables Ltd (NIRL) would hold a 51% stake, while APDCL will have 49%.
Under the JV NIRL will bring its expertise in renewable energy project development and APDCL will facilitate land acquisition, regulatory approvals, and power evacuation infrastructure. Power purchase pacts (PPA) would be signed with Assam Discoms for the sale of 100 percent of the generated power for 25 years.
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