NLC to invest $125 million in green JV with Assam discom

State-run NLC India Limited plans to invest Rs 10 billion ($125 million) for a 51 per cent stake in a green energy joint venture (JV) it is setting up with Assam Power Distribution Company Limited (APDCL). The proposal for the investment has already been sent for the union government’s approval. The JV plans to set up a 1 GW solar power capacity in Assam at an investment of around Rs 55 billion. The proposed solar power capacity is expected to cost Rs 55 million per MW and will be set up in a phased manner with 200 MW to be added annually.