NLC Renewables, PTC India Form JV For 2 GW Green Energy
POWER & RENEWABLE ENERGY

NLC Renewables, PTC India Form JV For 2 GW Green Energy

NLC India Renewables Limited, a wholly owned subsidiary of NLC India Limited, has signed a joint venture agreement with PTC India to jointly develop green energy projects, marking a significant step in expanding India’s renewable capacity.

The agreement follows a memorandum of understanding signed by the two entities in September. Under the collaboration, the joint venture will develop up to 2,000 MW of renewable energy capacity in phases, with the first phase targeting around 500 MW.

The joint venture involves PTC India Limited and NLC India Limited and will focus on the establishment, operation and maintenance of renewable energy projects across solar, wind, hydro, battery energy storage systems, green ammonia and other emerging clean technologies. NLC said the new venture will allow both organisations to combine strengths in project development, power trading, renewable energy park development and integrated green energy solutions.

Power generated by the joint venture will be sold through both competitive and regulated routes, catering to a diversified customer base including distribution companies, government entities, and commercial and industrial consumers.

Separately, NLC India has received a Letter of Acceptance from the National Capital Region Transport Corporation Limited for setting up 110 MW (AC) grid-connected solar photovoltaic power projects in Uttar Pradesh under the captive mode. Under the terms of the project, power generated will be supplied for a period of 25 years under a power purchase agreement.

NLC India Renewables Limited, a wholly owned subsidiary of NLC India Limited, has signed a joint venture agreement with PTC India to jointly develop green energy projects, marking a significant step in expanding India’s renewable capacity. The agreement follows a memorandum of understanding signed by the two entities in September. Under the collaboration, the joint venture will develop up to 2,000 MW of renewable energy capacity in phases, with the first phase targeting around 500 MW. The joint venture involves PTC India Limited and NLC India Limited and will focus on the establishment, operation and maintenance of renewable energy projects across solar, wind, hydro, battery energy storage systems, green ammonia and other emerging clean technologies. NLC said the new venture will allow both organisations to combine strengths in project development, power trading, renewable energy park development and integrated green energy solutions. Power generated by the joint venture will be sold through both competitive and regulated routes, catering to a diversified customer base including distribution companies, government entities, and commercial and industrial consumers. Separately, NLC India has received a Letter of Acceptance from the National Capital Region Transport Corporation Limited for setting up 110 MW (AC) grid-connected solar photovoltaic power projects in Uttar Pradesh under the captive mode. Under the terms of the project, power generated will be supplied for a period of 25 years under a power purchase agreement.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code