Key insights
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1
MoU includes state support for approvals: The Gujarat government will support NLCIL/NIRL in obtaining statutory approvals, clearances and registrations under prevailing state policies and regulations for time-bound implementation.
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2
Projects routed through NLCIL’s renewables subsidiary: The proposed renewable energy projects will be developed through NLC India Renewables Limited, a wholly owned subsidiary of NLCIL.
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3
Capacity target referenced: The collaboration aligns with NLCIL’s corporate plan to achieve 10 GW of renewable energy capacity by 2030.
Takeaways
NLCIL and the Gujarat government have a non-binding agreement to pursue large-scale renewable energy and battery storage projects in Gujarat through NIRL, with an investment potential of about ₹25,000 crore and state facilitation for approvals.