NLCIL wins 450 MW wind-solar hybrid power project from NTPC
This 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.
According to NLCIL, the hybrid project is designed to ensure a minimum annual Capacity Utilisation Factor (CUF) of 30% prompting optimal integration of renewable resources while ensuring grid stability and reliability.
Under the terms 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 the project implementation.
According to Prasanna Kumar Motupalli, Chairman and Managing Director of NLCIL, 'This significant win from NTPC marks a major milestone in NLCIL's renewable energy journey. The 450 MW hybrid project not only strengthens the company's footprint in green energy but also symbolises our commitment to innovation and sustainability. NLCIL remains firmly aligned with the country'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 from Solar Energy Corporation of India Limited (SECI) at Gujarat and the current project will enhance the company's hybrid capacity to 600 MW in total.
The Letter of Award reinforces NLCIL's strategic alignment with the Government of India's energy diversification and clean power objectives, and it marks another step towards the company's vision of achieving 10 GW of renewable energy capacity by 2030.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
10 hours ago
- Time of India
India On Alert As Pakistan, Bangladesh Sign Visa-Free Deal For Diplomats, Alarm Bells Over Spy Fears
In a move that has set alarm bells ringing in New Delhi, Pakistan and Bangladesh have signed a visa-free agreement for diplomatic and official passport holders. This historic thaw in relations comes more than five decades after the 1971 Liberation War tore the two apart. While the deal may seem diplomatic on the surface, Indian intelligence circles are concerned it could offer Inter-Services Intelligence (ISI) operatives easier access to Dhaka, and by extension, India's vulnerable northeastern frontier. The pact also includes cooperation on police training, anti-terrorism, and narcotics control. But what lies beneath the bonhomie? Is Bangladesh turning a page, and turning away from India? Has Pakistan found a new foothold in India's backyard? We break down the implications of this new power dynamic in South Asia and what India must brace for next.#pakistan #bangladesh #india #indiasecurity #pakistanspy #bangladeshspy #visafreeagreement #pakistanbangladeshdeal #indiabangladesh #visafreeentry #isi #neindiasecurity #southasiageopolitics #modi #bangladeshnews #pakistanintel #indiaalert #toi #toibharat #bharat #trending #breakingnews #indianews #toi #toibharat #bharat #trending #breakingnews #indianews
Time of India
11 hours ago
- Time of India
JSW Energy subsidiary signs PPA with SECI under FDRE scheme
JSW Energy , in a regulatory filing on Friday, said that its subsidiary, JSW Neo Energy, has signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI). The PPA is for the supply of 230 MW of Inter-State Transmission System (ISTS) connected Firm and Dispatchable Renewable Energy (FDRE) under the SECI– FDRE Tranche IV scheme. JSW Neo Energy will supply power for 25 years at a tariff of ₹4.98 per kilowatt-hour (kWh). Under the terms of the agreement, JSW Neo Energy will supply power for 25 years at a tariff of ₹4.98 per kilowatt-hour (kWh). This latest agreement increases JSW Energy's total under-construction capacity to 12.9 GW, with its total locked-in generation capacity reaching 30.2 GW. The company is now well-positioned to achieve its strategic targets of 30 GW installed generation capacity and 40 GWh of energy storage by 2030. 'We are proud to announce the signing of our first Power Purchase Agreement for a load-following Firm and Dispatchable Renewable Energy project. This milestone underscores JSW Energy's commitment to provide advanced and tailored energy solutions that address the dynamic requirements of our offtakers,' said Sharad Mahendra, joint managing director (MD) & CEO of JSW Energy. JSW Energy's shares were trading 1.77per cent lower at ₹522.75 on the Bombay Stock Exchange (BSE) on Friday at 1:55pm.
United News of India
16 hours ago
- United News of India
PM to unveil Rs 4,800 cr infra push in Tuticorin
New Delhi, July 25 (UNI) Prime Minister Narendra Modi will visit Tamil Nadu on July 26 and 27 to inaugurate and lay the foundation stone for infrastructure and development projects worth over Rs 4,800 crore. The visit comes soon after his return from the UK and Maldives. On July 26, the Prime Minister will address a public event in Tuticorin, launching a slew of road, rail, port, aviation, and energy projects aimed at boosting connectivity and economic growth in southern Tamil Nadu, said a PMO statement today. The following day, July 27, he will attend the Aadi Thiruvathirai Festival in Tiruchirappalli, marking the 1000th anniversary of Rajendra Chola famed maritime expedition. A key highlight of the visit will be the inauguration of the new terminal building at Tuticorin Airport, developed at a cost of Rs 450 crore. The terminal, spread across 17,340 sq. metres, is designed to handle up to 25 lakh passengers annually and meets GRIHA-4 sustainability standards, as per the statement. In the highways sector, the PM will dedicate the 4-laning of the Sethiyathope–Cholapuram stretch of NH-36 (Rs 2,350 crore) and 6-laning of NH-138 Tuticorin Port Road (Rs 200 crore). These upgrades are expected to reduce travel time, ease cargo movement, and improve access to key industrial and agricultural zones. Port infrastructure will receive a boost with the inauguration of North Cargo Berth-III at V.O. Chidambaranar Port (Rs 285 crore), enhancing dry bulk cargo handling capacity by 6.96 mmt/pa, said the statement. Three major rail projects will be dedicated to the nation, including the electrification of the Madurai–Bodinayakkanur section and doubling of key segments in the Nagercoil and Tirunelveli regions. These initiatives, collectively worth over Rs 1,000 crore, aim to improve eco-friendly mobility and ease passenger and freight congestion in southern Tamil Nadu. To strengthen the state's power infrastructure, the PM will lay the foundation for an Inter-State Transmission System (ISTS) for the Kudankulam Nuclear Power Plant's new units. The Rs 550 crore project includes a high-capacity 400 kV line to ensure reliable power transmission across states, as per the PMO. In Tiruchirappalli, the Prime Minister will participate in commemorations marking 1,000 years since Rajendra Chola I's naval expedition to Southeast Asia and the founding of the Gangaikonda Cholapuram Temple. He will also release a commemorative coin in honour of the emperor during the Aadi Thiruvathirai celebrations, said the statement. The UNESCO-listed temple is hailed for its architectural grandeur and spiritual legacy. The event to be held at the historic temple, will also spotlight Tamil Nadu's rich Shaiva Bhakti heritage, exemplified by the 63 Nayanmars and deeply patronised by the Cholas. UNI AJ PRS
