NTPC Renewable Energy Signs PPA With PTC India For 1.2 GW Solar

15 Jul 2026 CW Team

NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited (NGEL), has signed a power purchase agreement with PTC India Limited (PTC) for the sale of 1,200 MW of solar power under a bilateral arrangement. The agreement was exchanged in the presence of senior officials, including Dr Manoj Kumar Jhawar, managing director and CEO of PTC, and Dr J. S. Chandok, CEO of ONGPL. The deal signals a notable step in procurement of large scale renewable electricity in India.

The PPA covers supply obligations that will contribute to the expansion of clean electricity capacity and to the country’s decarbonisation goals. NTPC REL will supply the contracted solar generation to PTC under the terms of the bilateral framework, while NGEL will continue to coordinate the operational and commercial aspects. The companies said the arrangement is intended to accelerate deployment of utility scale solar power.

The transaction underscores collaboration between a state owned renewable developer and a leading power trading company as they seek to strengthen the sustainable power ecosystem. Market observers view such bilateral PPAs as a mechanism to provide predictable offtake and to attract further investment in grid connected renewable projects. The agreement is expected to support procurement strategies of commercial and industrial buyers looking to meet renewable targets.

Industry participants noted that the 1,200 MW capacity equals 1.2 GW and will add to India’s growing solar portfolio amid ongoing capacity additions across states. The deal aligns with broader policy aims to scale renewable infrastructure and to reduce reliance on fossil fuel generation over the medium term. Both parties will proceed to implement the supply schedule and related operational requirements under the PPA.

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