Coal India Subsidiary to invest more than 1,000 crore in solar projects
Power Generation
Jul 12,2023
The Coal India (CIL) subsidiary would invest more than 1,000 crore in the 600 megawatt (MW) solar power projects that will be built by the state-run South Eastern Coalfields (SECL).
According to the Coal Ministry, SECL will develop 600 MW rooftop and ground-mounted solar power projects as part of its ambition to grow and diversify its clientele and reach net-zero energy targets.
SECL provided around a quarter of CIL's total coal production in FY23, which was over 703 million tonnes (MT).
The Miniratna PSU plans to develop projects at a cost of more than Rs 1,000 crore, some of which would be implemented in RESCO (Renewable Energy Service Company)/ BOO (Build-Own-Operate) mode, the Ministry added.
Company :
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Coal India
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South Eastern Coalfields
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Miniratna PSU