Page 47 - FIPI - Policy Economic Report - May 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

ii. Coal linkages to be earmarked to States and to an agency authorized by group of States as per
existing mechanism, on the recommendation of Ministry of Power. Coal linkage earmarked to
States may be utilized by States in its own Genco, IPPs to be identified through TBCB or existing
IPPs having PPA under Section 62 of the Electricity Act, 2003 for setting up of a new expansion
unit having PPA under Section 62.

Window-II (premium over notified price):

Any domestic coal-based power producer having PPA or untied and also Imported coal-based power
plants (if they so require) can secure coal on auction basis for a period upto 12 months or for the period
of more than 12 months upto 25 years by paying premium above the notified price and providing the
power plants the flexibility to sell the electricity as per their choice.

This Revised SHAKTI Policy would maximize domestic coal utilization, ensure seamless thermal capacity
addition, reduce dependence for coal on global markets, reinforce nation’s energy independence
aligning with Government’s push for Energy Security for All.

NIRL and MAHAPREIT Join Hands to Establish a Green Energy

In a significant move towards accelerating India’s renewable energy ambitions, NLC India Renewables
Limited (NIRL), a wholly owned subsidiary of NLC India Limited, signed a Joint Venture Agreement (JVA)
with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) at
Mumbai. The signing took place in the august presence of Shri. Vikram Dev Dutt, Secretary, Ministry of
Coal, Shri. Prasanna Kumar Motupalli, Chairman & Managing Director, NLC India Limited, Shri. Bipin
Shirmali, Managing Director, MAHAPREIT, Shri. Vijaykumar Kalam Patil, Director Operations and senior
officials from NIRL & MAHAPREIT. This is in continuation to the Memorandum of Understanding (MoU)
signed between NIRL and MAHAPREIT on 16th April 2025.

This collaboration marks a major milestone in NIRL’s strategic expansion and foray into the State of
Maharashtra’s thriving renewable energy sector. The Joint Venture Company (JVC) to be formed under
this agreement will be instrumental in developing up to 2000 MW of renewable energy projects
including solar, wind, hybrid, floating solar, BESS, pumped storage and solar parks, with an initial focus
on 500 MW in Phase I, eventually scaling to 5000 MW in Maharashtra. The JVC will have an equity
structure of 74% held by NIRL and 26% by MAHAPREIT.

Under this Agreement, MAHAPREIT, will facilitate in identification & allotment of land for the projects in
addition to support development of Power Evacuation System to the Grid. NIRL on the other hand will
help in preparing the detailed project reports, arranging finance and Development of RE projects.

The JVC will undertake power sales through competitive and regulated routes under Section 62 or
Section 63 of the Electricity Act, targeting a mix of DISCOMs, government entities, and commercial &
industrial consumers.

Secretary, Ministry of Coal Shri Vikram Dev Dutt said that the signing of this Joint Venture Agreement
between NIRL and MAHAPREIT is a demonstration of the Government’s commitment to fostering

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