"With a view to enter into solar power generation in a big way, the Board of Directors has accorded in-principle approval for establishing solar power projects in Telangana, Tamil Nadu and other States in India," NLC Chairman and MD B Surender Mohan said at the company's AGM.
The Board gave its approval for participating in solar power parks announced by various state governments.
Referring to the company's status on some of the solar projects, he said, "the company was implementing a 10 MW solar photovoltaic project at Neyveli at an estimated cost of Rs 77.89 crore and the plant was ready for commissioning."
Approval was also given for setting up a 25 MW solar power project at Barsingsar in Rajasthan at an investment of Rs 167.29 crore. The project is proposed to be implemented through EPC route and scheduled to be commissioned in 2016-17, he said.
The Board also accorded approval for taking Advance Action Proposal of Rs 56.52 crore for taking up pre-project activities related to 4,000 MW thermal power project at Sirkali in Nagapattinam district in Tamil Nadu.
The company has identified Thirumullaivasal as the site to locate the plant and the feasibility report was being prepared, he said, adding the company has approached the state government for land acquisition.
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