NIRL inks MoU with PTC India Limited for establishment of green energy joint venture

Key Points

1. NLC India Renewables Limited (NIRL) and PTC India Limited signed a Joint Venture agreement.
2. The joint venture aims to establish a green energy venture.
3. The venture will focus on renewable energy projects, including solar, wind, and hydro.
4. The collaboration targets developing green energy capacity up to 2000 MW in phases.
5. The first phase will target around 500 MW.
6. The JVC will undertake power sales through competitive and regulated routes.
7. The agreement was signed at Neyveli.