NLC India (Coal India) and NLCIL will invest $1.6bn in a joint venture to develop 3 GW of solar capacity in a project that also includes the creation of 2 GW of thermal capacity. The solar installations will be built, mainly on NLCIL-owned land, within the next 15 months. The project will use Coal India's technical expertise in both solar photovoltaic power and thermal power, according to a NLCIL statement to the Bombay Stock Exchange.
NLC India (NLCIL) and Coal India will invest $1.6bn in a joint venture to develop 3 GW of solar capacity in a project that also includes the creation of 2 GW of thermal capacity. The solar installations will be built, mainly on Coal India-owned land, within the next 15 months. The project will use NLCIL's technical expertise in both solar photovoltaic power and thermal power, according to a Coal India statement to the Bombay Stock Exchange.