NLC India Ltd and PTC India Ltd Join Hands to Establish a Green Energy Joint Venture
NLC India Renewables Limited (NIRL), a wholly owned subsidiary of NLC India Limited (NLCIL), signed a Joint Venture Agreement (JVA) on 12.12.2025 with PTC India Limited. This agreement is a continuation of the Memorandum of Understanding (MoU) signed between NIRL and PTC India Ltd. on 8th September 2025. The JVC aims to establish, operate, and maintain renewable energy projects, including solar, wind, hydro, battery energy storage systems, green ammonia, and other emerging green technologies. The collaboration envisages the development of green energy capacity up to 2000 MW, to be implemented in phases, with the first phase targeting around 500 MW. The JVC will undertake power sales through competitive and regulated routes under Section 62 or Section 63 of the Electricity Act, targeting a mix of DISCOMs, government entities, and commercial & industrial consumers.
Key Highlights
- NLC India Renewables Limited (NIRL) and PTC India Limited sign a Joint Venture Agreement (JVA) for green energy projects.
- The JVC aims to develop green energy capacity up to 2000 MW in phases, with the first phase targeting 500 MW.
- The JVC will undertake power sales through competitive and regulated routes under the Electricity Act.
- The collaboration will pool strengths in project development, power trading, renewable energy park creation, and integrated green energy solutions.
- The JVC will target a mix of DISCOMs, government entities, and commercial & industrial consumers for power sales.