Coal India (CIL) is poised to set up 14 rooftop and ground-mounted solar power projects with a total capacity of 3,000 MW by FY24. This would entail an investment of around Rs 5,650 crore, with Rs 3,650 crore to come from CIL’s capex and the rest through joint venture initiatives.
CIL and Neyvelli Lignite Corporation (NLC) India have already floated a joint venture entity called Coal Lignite Urja Vikas to develop 1,000 MW solar power projects. The company has also formed a JV with NTPC and signed an MoU with the Solar Energy Corporation of India for solar projects of 1,000 MW each.
