NLC India has formed a joint venture with PTC India to develop green energy projects, aiming for a capacity of up to 2000 MW. The agreement, signed on December 12, 2025, will focus on renewable energy sources, including solar, wind, and hydro. The initial phase targets around 500 MW, combining the strengths of both organizations for integrated green energy solutions.
Green Energy Partnership
NLC India Renewables Limited (NIRL), a subsidiary of NLC India Limited, and PTC India Limited have signed a Joint Venture Agreement (JVA) on December 12, 2025, to develop green energy projects. The collaboration aims to establish a significant presence in the renewable energy sector.
Key Participants
The signing ceremony included the presence of Shri Prasanna Kumar Motupalli, Chairman and Managing Director of NLC India Limited, and Dr. Manoj Kumar Jhawar, Chairman and Managing Director of PTC India Limited. The agreement builds upon a Memorandum of Understanding (MoU) signed on September 8, 2025.
Project Focus and Scope
The joint venture will focus on renewable energy projects, including solar, wind, hydro, battery energy storage systems, and green ammonia. The collaboration aims to develop a green energy capacity of up to 2000 MW, implemented in phases. The first phase will target approximately 500 MW. The JVC will enable both organizations to combine their strengths in project development, power trading, and renewable energy park creation.
Power Sales Strategy
The JVC will undertake power sales through competitive and regulated routes, targeting DISCOMs, government entities, and commercial & industrial consumers. This strategic approach will ensure a diversified customer base and stable revenue streams.
Source: BSE