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.
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