New Delhi, Jan 11 (UNI) Seeking to harness sustainable energy solutions, public sector NLC India's wholly-owned subsidiary NLC India Renewables (NIRL) on Saturday signed a joint venture (JV) agreement with Assam Power Distribution Company Ltd (APDCL).

"The Joint Venture Agreement between NLC India Renewables and Assam Power Distribution Company Ltd (APDCL) outlines the establishment of a joint venture company (JVC) aimed at developing 1000 MW of green energy projects in Assam," the company said in a statement.

The JV will be established with an equity shareholding of 51% by NIRL and 49% by APDCL. NIRL

will bring its expertise in renewable energy project development. APDCL will facilitate land acquisition, regulatory approvals, and power evacuation infrastructure. Power Purchase Agreements (PPAs) will be signed with Assam DISCOMs for the sale of 100% of the generated power for 25 years.

NLC India Renewables as the renewable energy arm of NLC India is focused on consolidating the renewable assets of its parent organization and spearheading future renewable energy projects.

Established to enhance operational efficiency and streamline renewable energy investments, NIRL plays a pivotal role in advancing NLC India’s vision of contributing to the nation’s energy transition while maintaining environmental sustainability.

Speaking on the occasion, Prasanna Kumar Motupalli, Chairman, NIRL said, “This Joint Venture signifies our collective resolve to empower Assam with clean and sustainable energy solutions. By leveraging the synergies between NIRL and APDCL, we aim to build robust infrastructure for renewable energy generation and distribution. This initiative will not only ensure energy security for Assam but also catalyze socio-economic development by creating green jobs and enhancing the State’s sustainability index.”

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