NLC India signs agreements with RRVUNL for two power joint ventures in Rajasthan
On 24 October 2024, NLC India Ltd signed agreements with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) to form two joint ventures for renewable energy projects and a lignite-based thermal power station in Rajasthan.
Summary
On 24 October 2024, NLC India Ltd entered into Joint Venture Agreements with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) to form two JVs. The first, between NLC India Renewables Limited and RRVUNL, will set up renewable energy projects in Rajasthan; the second, between NLCIL and RRVUNL, will develop a lignite-based thermal power station. In both JVs, NLCIL will hold 74% equity and RRVUNL 26%.
Key facts
- Date
- 24 Oct 2024
- Partners
- NLC India Ltd and RRVUNL (Rajasthan)
- JV 1
- NLC India Renewables Ltd + RRVUNL: renewable energy in Rajasthan
- JV 2
- NLCIL + RRVUNL: lignite-based thermal power station
- Equity
- NLCIL 74%, RRVUNL 26%
Practice MCQs 2 questions
On 24 October 2024, NLC India Ltd signed agreements to form two power joint ventures with which state entity?
Show answer
Correct answer: C — Rajasthan Rajya Vidyut Utpadan Nigam Limited
PIB, 24 Oct 2024: NLC India Ltd entered into Joint Venture Agreements for formation of two JVs with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL).
What equity stake will NLCIL hold in each of the two joint ventures with RRVUNL announced on 24 October 2024?
Show answer
Correct answer: A — 74%
PIB, 24 Oct 2024: in both the Joint Ventures, NLCIL will hold a 74% equity stake, while RRVUNL will hold 26%.