NLC India Renewables and APDCL Team Up for 1000 MW Solar Project in Assam
NLC India Renewables and APDCL Join Forces for Solar Power in Assam
In Guwahati, Assam, NLC India Renewables Limited (NIRL) and Assam Power Distribution Company Limited (APDCL) have signed a Joint Venture Agreement to create a 1000 MW solar power project. This initiative aims to promote sustainable energy in Assam.
Key Figures and Attendees
The signing ceremony was attended by Prasant Phukan, Assam's Power Minister, KK Diwedi, Principal Secretary (Energy), Syedain Abbasi, Chairman of APDCL, Rakesh Kumar, Managing Director of APDCL, and Bibhu Bhuinya, Managing Director of APGCL. From NIRL, Prasanna Kumar Acharya and Jagidsh Mazumdar signed the agreement.
Joint Venture Details
The Joint Venture Company (JVC) will be managed with NIRL holding a 51% stake and APDCL 49%. The project will focus on developing green energy in Assam, meeting the state's energy needs sustainably.
Project Goals and Impact
NIRL will bring its renewable energy expertise, while APDCL will handle land acquisition and regulatory approvals. The project will sign Power Purchase Agreements to sell all generated power for 25 years. Prasanna Kumar Motupalli, Chairman of NIRL, emphasized the project's role in providing clean energy and creating green jobs in Assam.
Future Prospects
This venture is a significant step in Assam's renewable energy journey, contributing to India's climate goals. It will use innovative technologies to enhance efficiency and reduce carbon footprints, supporting Assam's energy security and sustainability.
Doubts Revealed
NLC India Renewables Limited
NLC India Renewables Limited is a company in India that focuses on creating energy from renewable sources like the sun and wind. They work on projects that help produce clean energy to reduce pollution.
APDCL
APDCL stands for Assam Power Distribution Company Limited. It is a company that supplies electricity to people in the state of Assam, India.
Joint Venture Agreement
A Joint Venture Agreement is when two or more companies come together to work on a project. They share resources, risks, and profits to achieve a common goal.
1000 MW
1000 MW stands for 1000 Megawatts, which is a unit of power. It is a large amount of electricity that can power many homes and businesses.
Sustainable energy
Sustainable energy is energy that comes from sources that do not run out, like the sun, wind, or water. It is better for the environment because it doesn't cause pollution.
Stake
A stake is a share or part of ownership in a company or project. In this case, NIRL owns 51% and APDCL owns 49% of the solar project.
Green energy
Green energy is another term for energy that is produced in a way that is friendly to the environment, like solar or wind power. It helps reduce pollution and conserve natural resources.
Carbon footprints
Carbon footprints are the amount of carbon dioxide and other greenhouse gases that are released into the air because of human activities. Reducing carbon footprints helps fight climate change.
Your email address will not be published. Required fields are marked *