Coal India Limited (CIL) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) sign a Joint Venture Agreement to jointly develop renewable energy projects across Uttar Pradesh. The agreement is signed with senior officials from both companies present, including UPRVUNL’s managing director and CIL’s business development director. The partnership creates a new joint venture company in which CIL holds a 51% stake and UPRVUNL holds 49%. Under the arrangement, the joint venture company is responsible for development, financing, construction, operation and maintenance of renewable energy projects. The projects include multiple clean energy options identified through mutual agreement, such as ground-mounted solar, floating solar and rooftop solar, as well as wind energy. The scope also includes pumped storage projects. Supporters of the deal describe it as a step toward expanding renewable capacity in the state, strengthening long-term energy security and contributing to emissions reduction. The initiative is also attended by Invest UP officials and other senior management from both organisations, who characterize the collaboration as combining CIL’s project and financial capabilities with UPRVUNL’s local power generation experience.