NLC India Limited has received approval for a 110 MW solar power project in Uttar Pradesh, adding to its renewable energy portfolio in the northern state.

Project Details

The approval for the solar power project represents a significant development for the power generation company as it continues to expand its clean energy footprint across India.

Strategic Significance

This solar project approval aligns with NLC India's broader strategy to diversify its energy portfolio beyond traditional thermal power generation. The company has been actively pursuing renewable energy opportunities as part of India's transition toward cleaner energy sources.

The 110 MW capacity addition will contribute to the state's renewable energy targets and support the national solar mission objectives. Uttar Pradesh has been focusing on increasing its solar power capacity to meet growing energy demands while reducing carbon emissions.

Company Profile

NLC India Limited operates in the power generation and distribution sector and has been expanding its renewable energy presence across multiple states. The company's involvement in solar power projects demonstrates its commitment to sustainable energy development and environmental responsibility.

This project approval comes as part of NLC India's ongoing efforts to establish a stronger foothold in the renewable energy market while maintaining its traditional power generation operations.

NLC India Limited has announced securing a significant solar power project contract from National Capital Region Transport Corporation Limited (NCRTC). The company received a Letter of Acceptance for setting up 110MW (AC) Grid Connected Solar PV Power Projects in Uttar Pradesh under captive mode.

Project Details and Specifications

The solar power project encompasses comprehensive power generation and supply operations with specific technical and commercial parameters:

Contract Terms and Timeline

The project operates under a long-term power supply arrangement with clearly defined execution timelines:

• Contract duration: 25 years under a Power Purchase Agreement (PPA)
• Scheduled commencement of supply date (SCSD): Within 24 months from the effective date of the PPA

This timeline ensures rapid project development and commissioning to meet NCRTC's power requirements.

Strategic Significance

This domestic contract represents NLC India's continued expansion in the renewable energy sector, specifically in solar power generation. The captive mode operation indicates the project will directly serve NCRTC's power needs, providing energy security and cost optimization for the transport corporation.

Key points:

• Domestic operations contract
• No promoter or group company interests in the awarding entity
• Not a related party transaction, ensuring arms-length commercial terms

Regulatory Compliance

NLC India disclosed this development in compliance with:

• Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• SEBI Circular dated July 13, 2023

The company maintains transparency in significant business developments through timely regulatory filings to stock exchanges.