NLC India Renewables receives Letter of Intent from Gujarat Urja Vikas Nigam for 900 MW solar power project

NLC India Renewables Limited (NIRL), a wholly owned subsidiary of NLC India Limited (NLCIL), has received a Letter of Intent (LoI) from Gujarat Urja Vikas Nigam Limited (GUVNL) for setting up a 900 MW solar power project in the State.

According to NLCIL, the project has been awarded through a tariff-based competitive bidding process, with the power generated to be procured by GUVNL. The latest addition not only builds on NIRL’s renewable energy portfolio, but also reinforces its commitment to becoming a 10+ GW renewable energy company by 2030.

Incorporated in 2023, the main objective of NIRL is to acquire and manage green energy projects and assets owned by NLCIL at present.