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In a major step towards boosting India’s green energy transition, NLC India Renewables Limited (NIRL), a wholly owned subsidiary of NLC India Limited, signed a Joint Venture Agreement (JVA) with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) on Friday. The agreement was formalized in Mumbai in the presence of top government and company officials. The ceremony was graced by Shri Vikram Dev Dutt, Secretary, Ministry of Coal; Shri Prasanna Kumar Motupalli, Chairman and Managing Director of NLC India Limited; Shri Bipin Shirmali, Managing Director of MAHAPREIT; and Shri Vijaykumar Kalam Patil, Director (Operations), along with senior representatives from both NIRL and MAHAPREIT. The JVA follows the Memorandum of Understanding (MoU) signed between the two entities on April 16, 2025. Large-Scale Green Energy Plans The newly formed Joint Venture Company (JVC) will spearhead the development of up to 2,000 MW of renewable energy projects in the initial phase, with plans to scale up to 5,000 MW across Maharashtra. The projects will encompass solar, wind, hybrid systems, floating solar, Battery Energy Storage Systems (BESS), pumped storage, and solar parks. |
