NLC India and KfW Sign EUR 100 mn Loan for Solar and BESS

27 Apr 2026 CW Team

NLCIL said the financing aligns with its target to scale renewable capacity to 10 gigawatts by 2030 and to add around eight gigawatts by 2028. The company started the year with around 1,400 megawatt (MW) of renewable capacity, has added 300 MW and plans to add a further 300 MW during the financial year, which would make it about a two gigawatt (GW) company by year end. NLCIL also reported a joint venture with the Rajasthan government to deliver two gigawatts of additional capacity.

The loan agreement was signed on behalf of KfW by its directors and was witnessed by KfW officials from the New Delhi office. NLCIL representation at the ceremony included the chairman and managing director M. Prasanna Kumar, the director of finance and other senior executives, with formal execution undertaken by the deputy general manager and the chief financial officer of the project executing agency. The collaboration was presented as a strategic step in support of India’s clean energy transition and decarbonisation objectives.

The financing is expected to accelerate deployment of utility scale solar projects and associated BESS, supporting system integration and reliability as variable renewable generation increases. By diversifying its borrowing portfolio and accessing concessional capital, NLCIL aims to reduce financing costs for its expansion plans. The partnership with KfW was described as reinforcing efforts to mobilise international finance for India’s clean energy agenda.

NLC India Limited (NLCIL) has entered into a EUR 100 million (EUR 100 mn) loan agreement with KfW Development Bank (KfW) to support the development of solar power generation and battery energy storage systems (BESS). The agreement was executed at the KfW office in New Delhi on 20 April 2026 and involved senior officials from both institutions attending in person and via video conference. The funding is intended to strengthen NLCIL's renewable energy portfolio and enhance grid reliability while enabling access to capital at competitive rates. NLCIL said the financing aligns with its target to scale renewable capacity to 10 gigawatts by 2030 and to add around eight gigawatts by 2028. The company started the year with around 1,400 megawatt (MW) of renewable capacity, has added 300 MW and plans to add a further 300 MW during the financial year, which would make it about a two gigawatt (GW) company by year end. NLCIL also reported a joint venture with the Rajasthan government to deliver two gigawatts of additional capacity. The loan agreement was signed on behalf of KfW by its directors and was witnessed by KfW officials from the New Delhi office. NLCIL representation at the ceremony included the chairman and managing director M. Prasanna Kumar, the director of finance and other senior executives, with formal execution undertaken by the deputy general manager and the chief financial officer of the project executing agency. The collaboration was presented as a strategic step in support of India’s clean energy transition and decarbonisation objectives. The financing is expected to accelerate deployment of utility scale solar projects and associated BESS, supporting system integration and reliability as variable renewable generation increases. By diversifying its borrowing portfolio and accessing concessional capital, NLCIL aims to reduce financing costs for its expansion plans. The partnership with KfW was described as reinforcing efforts to mobilise international finance for India’s clean energy agenda.

Infrastructure Transport

27 Apr 2026

Civil Aviation Minister Reviews Hub And Spoke Readiness

The Minister of Civil Aviation, Ram Mohan Naidu, chaired a high-level meeting at Delhi Airport to review readiness for hub-and-spoke operations. Senior officials from the Ministry of Home Affairs, Ministry of Civil Aviation, Bureau of Immigration, Bureau of Civil Aviation Security, Customs, Airports Authority of India, Directorate General of Civil Aviation, CISF, DigiYatra, Delhi International Airport Limited and leading airlines attended. He led an on-ground walkthrough of passenger flows and inspected the Security Hold Area at Terminal 3. The ministry noted that the National Civil Aviation P..

Infrastructure Energy

27 Apr 2026

BCCL Announces PI Relaxation And Cash Discount For Power Sector

Bharat Coking Coal Limited (BCCL) has announced a scheme providing relaxation in Performance Incentive (PI) and offering a cash discount to power sector consumers for the first quarter of Financial Year 2026–27, covering April to June 2026. The scheme is applicable to all eligible power sector consumers covered under Fuel Supply Agreements (FSA), including those under the Flexi?Linkage arrangement. Incentives will be linked to actual coal offtake through rail, road and rail?cum?road (RCR) modes and implemented on the basis of proportion of offtake against the Quarterly Quantity (QQ) in defin..

Technology

27 Apr 2026

Union Minister Concludes Czech Republic Visit To Deepen Economic Ties

Union Minister of State for Commerce and Industry Shri Jitin Prasada concluded an official visit to the Czech Republic from 22 to 23 April 2026 at the invitation of the Czech government. The visit reaffirmed India’s commitment to strengthening strategic and economic engagement with key European partners and to deepening bilateral trade, investment and innovation linkages. The programme focused on identifying practical opportunities for industrial collaboration and technology partnerships. During the visit, the minister held bilateral meetings with senior Czech leaders, including Mr Karel Hav..