The National Capital Region Transport Corporation has signed a power purchase agreement with NIRL NCRTC Renewables Limited to develop a 110 megawatt (MW) captive solar plant at Jaulan in Uttar Pradesh. The project carries an estimated cost of around Rs 4.5 billion (Rs 4.5 bn) and will be funded on an 80:20 debt equity model. Commissioning is scheduled within 24 months.

Once operational the plant is expected to supply nearly 60 per cent of the electricity requirement of the Delhi-Meerut Namo Bharat corridor, reducing the need for external procurement. The captive facility is projected to lower the corporation's annual electricity expenditure by around 25 per cent. The arrangement signals a shift towards self-generation for corridor operations.

Developed by NNRL, the joint venture incorporated in May 2026, the project combines NCRTC equity with NLC India Renewables Limited as majority partner. NIRL holds a 74 per cent equity stake in the joint venture while NCRTC retains 26 per cent. The plant represents the partners' effort to expand renewable generation capacity to meet operational demand.

Environmental benefits were estimated by the developers with an annual carbon dioxide reduction of approximately 0.177 million tonnes (0.177 mn t) once the plant reaches full output. The company signalled that captive solar adoption will enhance grid resilience for the corridor and reduce exposure to market price volatility. Project timelines and financing structures position the scheme as a model for other transport infrastructure operators. Regulatory clearances and land and interconnection works remain essential to meet the commissioning timeline.

Stakeholders indicated the financing mix will support timely procurement of panels, inverters and balance of plant equipment while enabling risk sharing between equity partners and lenders. Technical studies and connection agreements with the regional transmission utility are under way and are due to be completed during early construction. The partners will monitor generation performance to align output with corridor demand. The scheme is positioned to inform other transit oriented renewable initiatives.