NIGEL and GUVNL Sign MoU for Solar Plant

  • NLCIL has incorporated a wholly owned subsidiary, NIGEL, to carry out future Renewable Energy Projects. 
  • The subsidiary will focus on Renewable Energy projects, leveraging NIGEL’s expertise. 
  • NLCIL won the 600 MW Solar Power Project tender in the GSECL Khavda Solar Park, floated by GUVNL through a competitive bidding process. 
  • The Power Purchase Agreement (PPA) was signed with GUVNL for the proposed 600 MW Solar Power Project at Khavda Solar Park, Bhoj District, and Gujarat. 
  • The project is set to offset approximately 35.5 Million Metric Tons of Carbon dioxide emissions during its lifetime.
Posted in Current Affairs.