India’s state-owned Coal mining corporation, Coal India, has signed an agreement with Rajasthan Rajya Vidyut Utpadan Nigam (RRVUNL) to jointly develop energy projects with a combined capacity of 4.1GW.
The companies aim to diversify energy production through a mix of coal-fired thermal power, solar, pump storage and wind projects.
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The partnership outlines the establishment of two 800MW coal-based, pit-head power plants in the coal-rich state, with Rajasthan benefitting from the generated power.
The agreement includes a 2GW solar power project within RRVUNL’s solar park, a 200MW pump storage project at Jawahar Sagar, a 250MW solar project on land acquired for the Banswara thermal power plant and a 50MW wind project at the existing Ramgarh gas project in Jaisalmer.
RRVUNL has committed to ensuring off-take guarantees from these projects and will manage the acquisition and transfer of developed land parcels to the joint venture company.
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Coal India will be responsible for conducting feasibility studies and assessing the financial viability of each proposed project.
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By GlobalDataAdani Green Energy, a subsidiary of Indian conglomerate Adani Group, has operationalised 1GW of solar energy at the 30GW renewable energy park in Khavda, in the state of Gujarat.
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