Indian Coal Producer to Invest $80 Million in Solar, Wind Energy Projects
Government-owned companies in India are responding to the calls by the government to boost investment in renewable energy projects.
Neyveli Lignite Corporation (NLC), a big coal producer and power generator located in Southern India, has announced that it will invest Rs500 crore (US$82 million) to set up 25 MW solar photovoltaic and 55 MW wind power capacity.
The company has given the order for installation of 10 MW solar PV project to another public sector company, Bharat Heavy Electricals Ltd (BHEL). The push for renewable energy projects has increased among Indian companies over the last few years as the government made mandatory that a part of the profits be invested for fulfilling corporate social responsibility.
Source: http://cleantechnica.com/2014/09/10/indian-coal-producer-invest-80-million-solar-wind-energy-projects/
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