The agreement was signed by the Tamil Nadu Generation and Distribution Corporation Limited on behalf of the Tamil Nadu government during the Global Investors Meet show held recently in Chennai. Under the agreement, Tamil Nadu will provide facilitation and support to NLC India in the form of infrastructure for setting up the projects.
NLC has 492 MW of renewable energy project capacity in Tamil Nadu, with another 909 MW from two solar projects under implementation. Those solar plants, of 709 MW and 200 MW capacity, are expected to become operational by March and June, respectively.
NLC India Ltd mines lignite and generates of power through lignite based thermal plants. It is an important source of power to the states of Tamil Nadu, Andhra Pradesh, Karnataka, Kerala, Telangana, Rajasthan and the Union Territory of Puducherry.
Under its corporate plan, NLC has lined up projects including wind and solar plants across the nation. It wants to increase its installed solar capacity to 4 GW by the 2022 financial year. Of that figure, NLC plans to implement 2,651 MW of solar in Andhra Pradesh, Madhya Pradesh and Uttar Pradesh, with commercial date of operation projected as March 2022.