New Delhi, July 02: NLC India Limited (NLCIL), a Navratna CPSE under the Ministry of Coal, has been awarded a Letter of Award (LoA) by National Thermal Power Corporation Limited (NTPC) for the development of a 450 MW Inter-State Transmission System (ISTS) connected Wind-Solar Hybrid Power Project.
This prestigious project is part of NTPC’s plan to procure 1200 MW hybrid power under a Tariff-Based Competitive Bidding process, with a provision for an additional 600 MW under the Greenshoe option. NLCIL has emerged successful in securing 450 MW contracted capacity, reaffirming its growing role in India’s renewable energy transition.
The hybrid project is designed to ensure a minimum annual Capacity Utilization Factor (CUF) of 30%, promoting optimal integration of renewable resources while ensuring grid stability and reliability.
Upon signing of the Power Purchase Agreement (PPA), the project is expected to commence power supply within 24 months and will operate for a contractual period of 25 years. NLCIL will also have the option to form a dedicated Special Purpose Vehicle (SPV) for project implementation.
This award reinforces NLCIL’s strategic alignment with the Government of India’s energy diversification and clean power objectives, and it marks another step toward NLCIL’s vision of achieving 10 GW renewable energy capacity by 2030.
Speaking on the occasion, Prasanna Kumar Motupalli, Chairman & Managing Director, NLC India Limited stated,“This significant win from NTPC marks a major milestone in NLCIL’s renewable energy journey. The 450 MW hybrid project not only strengthens our national footprint in green energy but also symbolizes our commitment to innovation and sustainability. NLCIL remains firmly aligned with India’s vision for a cleaner, greener future and is confident of delivering high-performance assets that contribute to long-term energy security.”
NLCIL is already establishing a 150 MW Wind Solar Hybrid Project won from SECI at Gujarat and the current project will enhance the company’s Hybrid capacity to 600 MW in total. NLCIL Corporate Plan targets 10 GW RE capacity by 2030, in the current pace the company is set to achieve the target.
