The Railways ministry has recently announced NLC India will set up solar power projects on land as well as atop roofs of platforms for Indian Railways.
Reports said the two state-run entities have agreed on the terms of an agreement to implement the program but have yet to officially sign a pact.
Indian Railways has large swaths of unused land which can house large-scale solar power projects.
As per the proposed agreement, NLC India will set up utility-scale solar power projects at unused land parcels and sell the power generated to Indian Railways. It is unclear if NLC would develop the solar power projects in-house or auction them to other solar power project developers. NLC India may seek help from the Solar Energy Corporation of India to auction the projects.
Indian Railways being the off-taker of the electricity generated, solar power projects would very likely place highly competitive bids for these projects, they said.
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