NLC India Limited has signed a memorandum of understanding (MoU) with National Aluminium Company Limited (NALCO) to collaborate on the development of thermal and renewable energy projects.
The agreement provides a framework for cooperation in a proposed 1,200 MW thermal captive power project and renewable energy development to meet NALCO’s captive and long-term power requirements. The collaboration will also explore long-term power tie-ups, including captive and group captive arrangements, coal supply arrangements, and potential joint project development, including the formation of a joint venture company.