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NLC India Renewables Ink JV Agreement with APDCL to Develop 1000 MW RE Projects in Assam

NLC India Renewables Ltd. (NIRL) has partnered with Assam Power Distribution Company Ltd. (APDCL) to form a 51:49 joint venture company aimed at developing 1,000 MW of green energy projects in Assam.

January 13, 2025. By Mrinmoy Dey

NLC India Renewables Ltd. (NIRL), the renewable energy arm of NLC India, has signed a joint venture agreement with Assam Power Distribution Company Ltd. (APDCL) to develop 1,000 MW of green energy projects in Assam.

The signing ceremony took place in Guwahati and was attended by Prasant Phukan, Power Minister of Assam; K.K. Diwedi, Principal Secretary (Energy), Assam; Syedain Abbasi, Chairman, APDCL; Rakesh Kumar, Managing Director, APDCL and Bibhu Bhuinya, Managing Director, APGCL.

From NLC India Renewables, the agreement was signed by Prasanna Kumar Acharya, Director (Finance), and Jagidsh Mazumdar, Executive Director (Planning and Business Development).

The agreement outlines the establishment of a joint venture company aimed at developing 1,000 MW of green energy projects in Assam. The JVC will be established with an equity shareholding of 51 percent by NIRL and 49 percent by APDCL.

While 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 percent of the generated power for 25 years.

The Joint Venture aims to address Assam's growing energy demands by developing renewable energy projects, ensuring affordable and reliable power supply, and contributing to the State's long-term energy security. The partnership aligns with the Government of India's focus on increasing renewable energy penetration in the country's energy mix to combat climate change and support sustainable development.

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 a robust infrastructure for renewable energy generation and distribution. This initiative will not only ensure energy security for Assam but also catalyse socio-economic development by creating green jobs and enhancing the state's sustainability index.”

The JV is set to play a pivotal role in addressing the energy needs of Assam in an environmentally responsible manner and also to meet the Renewable Purchase Obligation. It will focus on the deployment of innovative technologies to maximise efficiency and minimise the carbon footprint, thereby paving the way for a greener future.
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