NLC India Ltd. has signed a power usage agreement for 200 megawatts of solar power with Telangana distribution companies for 25 years at a competitive and affordable price under the Central Public Sector Undertaking Scheme.
The PSU’s solar project will generate around 1,300 million units of green energy and offset 90 lakh tonnes of carbon emissions during its lifetime. It is expected to be commissioned by June next year, according to an exchange filing on Wednesday.
The project will use state-of-the-art equipment, including single-axis trackers and locally produced high-efficiency modules, to achieve higher power generation under the Self-Reliant India initiative, he said.
