), CIL, signed the MoU in the presence of Rakesh Kumar, chairman-cum-managing director, NLCIL and Anil Kumar Jha, chairman, CIL. | Photo Credit: Special ArrqangementNLC India Limited (NLCIL), Neyveli, and Coal India Limited (CIL), Kolkata, have inked a memorandum of understanding (MoU) to form a joint venture company for setting up solar power projects of 3,000 MW and thermal power projects of 2,000 MW. The joint venture is based on equity participation of 50:50 and has a time line of 15 months for the completion of solar power projects and 60 months for thermal power projects. The MoU, signed at CIL headquarters in Kolkata, also covers 2,000 MW of thermal power generation across CIL’s subsidiaries. Nathella Naga Maheswar Rao, director (planning & projects), NLCIL and Binay Dayal, director (Tech.
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