NLC signs power usage agreement with Rajasthan Urja Vikas Nigam to supply 300 MW of solar power

NLC India (NLCIL), a state-owned lignite miner, announced on Thursday that it has entered into a long-term power usage agreement with Rajasthan Urja Vikas Nigam (RUVNL) for the supply of 300 megawatts (MW) of solar power under the Rajasthan CPSU Scheme.

The Navratna company has 1,421 MW of installed renewable energy capacity, and the company's corporate plan envisions developing a 6,031 MW capacity by 2030. 

NLCIL said. “The company has secured 510 MW solar project capacity in the CPSU Scheme Phase-II Tranche-III, floated by Indian Renewable Energy Development Agency (IREDA) through competitive bidding,” it added.

Its 300 MW solar project capacity is being built at Barsingsar, Rajasthan's Bikaner district. Tata Power Solar Systems was awarded the project's EPC contract through competitive bidding.

On Thursday in Jaipur, NLC India and RUVNL inked a power use agreement (PUA) for the 300 MW solar project, which will supply solar power to the state for the next 25 years.

The project would generate 750 Million Units (MU) of power per year, with the complete green power generated being given to Rajasthan.

Rajasthan would benefit from the project in fulfilling its Renewable Purchase Obligation (RPO) requirements. The power generated by the project will also assist to reduce carbon emissions by 0.726 million tonnes of carbon dioxide per year.

On the renewable energy front, NLCIL is increasing its footprint of this capacity in additional States for the first time, in addition to the current 1.40 GW capacity in Tamil Nadu.

Source: Media Reports