NLC India has signed a memorandum of understanding (MoU) with Assam Power Distribution Company Limited (APDCL) to form a joint venture (JV) to develop a 100MW solar power project in Assam.

The Indian state-owned company will own a 51% stake in the joint venture, while Assam Power Distribution Company, which is owned by the Assam government will hold the remaining 49% stake.

According to NLC India, the installation of the solar power project will serve as a stepping stone for the company to achieve its goals of having a capacity of nearly 17.17GW of power, including 6.03GW of renewable energy by the end of this decade.

  APDCL, Assam, Assam Power Distribution Company, India, NLC India, renewable energy, Solar industry news