Joint Venture29 Aug 2026, 07:50 pm
NLC India Subsidiary Forms JV for 110 MW Solar Project
AI Summary
NLC India Renewables Limited (NIRL), a wholly-owned subsidiary of NLC India Limited, has formed a joint venture named NIRL NCRTC Renewables Limited (NNRL) with the National Capital Region Transport Corporation Limited (NCRTC). NIRL holds a 74% stake in NNRL, with NCRTC holding 26%. NNRL will develop a 110 MW Solar Power Project in Uttar Pradesh. A Power Purchase Agreement (PPA) has been executed between NNRL and NCRTC for the procurement of power under a captive mode for 25 years. The project is expected to generate 180 MU annually and has a scheduled commissioning date within 24 months of signing the PPA.
Key Highlights
- NLC India subsidiary forms JV for 110 MW solar project.
- Project to be developed in Uttar Pradesh.
- 25-year Power Purchase Agreement signed with NCRTC.
- Annual energy generation target of 180 MU.
- Scheduled commissioning within 24 months.
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