NLC India Renewables Limited (NIRL), the wholly owned renewable energy subsidiary of NLC India, has entered into a Joint Venture Agreement (JVA) with Odisha Renewable Energy Development Agency (OREDA) Limited to jointly develop green energy projects across Odisha. The partnership marks a significant step towards expanding renewable energy infrastructure in the state while supporting India’s clean energy transition and long-term net-zero ambitions.
Under the agreement, the joint venture will initially focus on the establishment, operation and maintenance of 1,000 MW of green energy capacity across Odisha. Beyond the first phase, the partnership will explore additional opportunities in renewable energy through forward and backward integration, including the development of associated infrastructure, ancillary assets and emerging clean energy technologies, subject to techno-commercial feasibility and statutory approvals.
The agreement was signed in Odisha by Devendra Pratap Singh, Chief Executive Officer, NLC India Renewables Limited, and Saidutta Biplab Keshari Pradhan, Chief Executive Officer, OREDA and Special Secretary, Department of Energy, Government of Odisha. The signing ceremony was attended by Kanak Vardhan Singh Deo, Deputy Chief Minister of Odisha, Vishal Kumar Dev, Chairman, OREDA and Additional Chief Secretary, Department of Energy, Dr Prasanna Kumar Acharya, Director (Finance), NLC India Limited, along with senior officials from both organisations.
The proposed projects will be implemented after obtaining the necessary approvals from the respective boards, the Government of Odisha, the Ministry of Coal and other regulatory authorities, wherever applicable. NLC India Renewables Limited has been established to spearhead NLC India Limited’s expansion into renewable and low-carbon energy businesses. The company is actively developing a diversified portfolio that includes solar and wind power projects, hybrid renewable energy systems, pumped hydro storage, Battery Energy Storage Systems (BESS), green hydrogen, waste-to-energy projects and round-the-clock renewable power solutions.
Commenting on the partnership, Prasanna Kumar Motupalli, Chairman and Managing Director, NLC India Limited, said, “Our collaboration with OREDA represents an important milestone in NLC India Limited’s transition towards clean and sustainable energy. The partnership will enable the development of renewable energy projects across multiple technologies, including solar, wind, hybrid systems, battery energy storage, pumped hydro storage, green hydrogen and future renewable energy solutions, contributing to India’s long-term energy security and sustainability goals.”
The joint venture is expected to strengthen Odisha’s renewable energy ecosystem by combining NLC India Renewables’ project development expertise with OREDA’s regional experience and institutional support. The collaboration also aligns with the Government of India’s vision of increasing renewable energy capacity while promoting sustainable industrial development and reducing carbon emissions.
NLC India Limited, a Navratna Central Public Sector Enterprise under the Ministry of Coal, has been steadily diversifying its business beyond conventional power generation by investing in renewable energy projects across the country. The partnership with OREDA further reinforces the company’s commitment to building a resilient, low-carbon energy future through large-scale investments in clean energy infrastructure.
