News Brief
Arun Dhital
Jul 04, 2026 | Updated 03:15 PM GMT+5:30
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Coal India Limited (CIL) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) have entered into a joint venture agreement to set up renewable energy projects across Uttar Pradesh, The Times of India reported.
The agreement, signed on Friday (3 July), is aimed at bolstering the state’s energy security while widening its clean power generation capacity.
The agreement was inked in the presence of UPRVUNL managing director Mayur Maheshwari and Coal India director (business development) Asheesh Kumar, along with senior officials from both bodies and representatives of Invest UP.
As part of the arrangement, the two organisations will form a joint venture company in which Coal India will hold a 51 percent equity stake, while UPRVUNL will retain the remaining 49 percent.
The new entity has been tasked with developing, financing, constructing, operating and maintaining a variety of renewable energy projects in the state.
These include ground-mounted solar, floating solar and rooftop solar installations, as well as wind energy, pumped storage projects and other clean energy technologies that both partners may agree upon.
According to officials, the tie-up brings together Coal India’s financial muscle, execution experience and expanding renewable energy portfolio with UPRVUNL’s strength in power generation and its familiarity with Uttar Pradesh’s energy needs.
The collaboration is expected to help the state meet its growing electricity demand through the creation of sustainable energy infrastructure.
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