NEW DELHI: NLC India Ltd and the Rajasthan government on Sunday signed an agreement to enter into a joint venture for setting up two power projects totalling 1125 megawatts at Rs 7,000 crore investment.
While 125 megawatt (MW) will be a lignite-based power plant another project will be a 1000 MW solar power plant, the Ministry of Coal said in a statement.
"The MoU between NLC India Limited and RVUNL (Rajasthan Urja Vikas Nigam Ltd) entails a staggering investment of more than Rs 7000 crore," it said.
NLC India, under the Ministry of Coal, is into lignite mining and setting up of thermal and renewable power-based plants.