NLC India has won 600 MW Solar Power Project in the GSECL Khavda Solar Park tender floated by Gujarat Urja Vikas Nigam (GUVNL) through competitive bidding process. In line with the policy of developing RE projects under the green energy wholly owned subsidiary (WoS), the project development has been vested with wholly owned subsidiary -- NLC India Green Energy (NIGEL).
As a first initiative, NIGEL has signed the Power Purchase Agreement (PPA) with GUVNL for the proposed 600 MW Solar Power Project at Khavda Solar Park, Bhuj District, Gujarat. The entire power from the project will be procured by GUVNL, the PPA tariff for the electricity from the project is Rs 2.705/kWhr. Generation to the tune of 1,577.88 MU (Million Unit) of electricity every year with a cumulative electricity generation of 39.447 BU (Billion Unit) in its lifetime. The project is set to offset approximately 35.5 Million Metric Tons of Carbon dioxide emissions during its entire life. The proposed 600 MW Solar Power Project in Khavda Solar Park will be the single largest Solar project developed by the company as on date.
NLC India had incorporated a wholly owned subsidiary NLC India Green Energy to carry out future Renewable Energy Projects. The subsidiary will focus specifically on Renewable Energy projects and thus leveraging the expertise to its benefits.
NLC India is engaged in the business of lignite mining and power generation.
| Company Name | CMP |
|---|---|
| NTPC | 310.85 |
| Tata Power | 357.15 |
| Power Grid Corp | 290.00 |
| Adani Power | 539.15 |
| Torrent Power | 1377.45 |
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