Coal India bags 200MW solar plant agreement with SECI

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Source: Flickr/hiyori13

Organised state-owned mining corporate Coal India Limited (CIL) signed two agreements with the Solar Energy Corporation of India (SECI) for a 200MW solar PV plant in Madhya Pradesh.

The electricity generated by the plant is to be utilised by Northern Coalfields (NCL) 100MW and South Eastern Coalfields (SECL) 100MW; the two subsidiaries of Coal India, each at an estimated cost of Rs650 crore (US$96 million) each, according to an official document.

After the company announced the inking of the two agreements yesterday, the Kolkata-headquartered mining company rose 0.71% at Rs313.65 (US$4.5) on the Bombay Stock Exchange (BSE).

This is a significant move in Coal India’s foray into clean energy, who is often pegged as the world’s largest coal producer. In October 2015, the company made plans to develop 1GW of solar projects across India in a bid to reduce its carbon footprint. Four months later, it announced designs to auction the residual 800MW in a competitive tender process

Read Next

January 21, 2022
India is at risk of a supply and demand mismatch for solar equipment if domestic PV manufacturers are unable to meet the quantity and quality required by project developers, Fitch Solutions has warned.
January 13, 2022
Reliance Industries has signed a Memorandum of Understanding (MoU) with the government of Gujarat for a total investment of INR5.955 lakh crore (US$80 billion) over 10-15 years to establish 100GW of renewables and set up green technology manufacturing facilities in the state.
January 10, 2022
Indian renewables company ReNew Energy Global Plc’s wholly owned subsidiary India Clean Energy Holdings has raised US$400 million through a green bond sale that will be used to support the company’s growth strategy and “refinance existing high-cost debt”.
January 10, 2022
Indian conglomerate Adani Group has set up a new subsidiary focused on areas including manufacturing solar equipment and producing green hydrogen.
January 7, 2022
India’s state-owned National Hydroelectric Power Corporation (NHPC) has signed an agreement with the Green Energy Development Corporation of Odisha Ltd (GEDCOL) for the development of 500MW of floating solar projects in the eastern state of Odisha.
January 6, 2022
Renewables developer Hero Future Energies (HFE) has formed a partnership with electrolyser manufacturer Ohmium International to develop and build 1GW of green hydrogen plants across India, the UK and Europe.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
January 26, 2022
Free Webinar
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal