NLCIL signs MoU with Gujarat for development of large-scale renewable energy projects

NLC India Ltd. (NLCIL) has inked a memorandum of understanding (MoU) with the Gujarat Government for development of large-scale renewable energy projects in the State.

According to a press note, the MoU was signed by Devendra Pratap Singh, Executive Director (Projects and Business Development) and Chief Executive Officer, NLC India Renewables Limited (NIRL) and Bhakthi Shamal, Joint Secretary, Energy and Petrochemicals Department, Government of Gujarat in the presence of Union Minister for Commerce and Industry Piyush Goyal at the Vibrant Gujarat Regional Conference at Rajkot on Tuesday.

The MoU is non-binding in nature and envisages the development of large-scale renewable energy projects in the State, including solar, wind, hybrid and Battery Energy Storage Projects, with an aggregate investment potential of approximately ₹25,000 crore and generation of substantial employment opportunities.

The proposed projects will be developed through NIRL, a wholly owned subsidiary of NLCIL. This strategic collaboration aligns with NLCIL’s corporate plan to achieve 10 GW of renewable energy capacity by 2030, and underscores the company’s commitment towards sustainable development, energy security and decarbonisation.

Under the MoU, the Gujarat government will help NLCIL/NIRL in obtaining necessary statutory approvals, clearances, registrations and other support as per the prevailing policies and regulations of the State Government, enabling time-bound implementation of the proposed projects.

The collaboration further strengthens Gujarat’s position as a leading hub for renewable energy in the country and contributes to India’s national goals of achieving Net Zero emissions and enhancing the share of non-fossil fuel-based power generation.