Magazine

Last edition
January 2026

Home › Business ›NLC India Renewables, PTC India Sign JV Agreement to Develop 2 GW RE Projects

NLC India Renewables, PTC India Sign JV Agreement to Develop 2 GW RE Projects

NLC India Renewables and PTC India have inked a joint venture agreement to develop up to 2 GW of green energy projects, starting with a 500 MW first phase, spanning solar, wind, hydro, battery energy storage systems, green ammonia, and other emerging green technologies.

December 15, 2025. By Mrinmoy Dey

NLC India Renewables (NIRL), a wholly-owned subsidiary of NLC India (NLCIL), has signed a Joint Venture Agreement (JVA) with PTC India to develop green energy projects up to 2,000 MW, to be implemented in phases.

The first phase will target around 500 MW. The new JVC will enable both organisations to pool their strengths in project development, power trading, renewable energy park creation, and integrated green energy solutions, the company said in a statement.

The signing took place in the presence of Prasanna Kumar Motupalli, Chairman and Managing Director, NLC India, Dr. Manoj Kumar Jhawar, Chairman and Managing Director, PTC India and the Functional Directors of NLC India. The MoU for this was signed in September 2025.

The JVC between PTC India and NLCIL, which is rapidly expanding its portfolio in renewable energy, will undertake the establishment, operation, and maintenance of renewable energy projects –including solar, wind, hydro, battery energy storage systems, green ammonia, and other emerging green technologies, it said.

The statement further added that the JVC will undertake power sales through competitive and regulated routes under Section 62 or Section 63 of the Electricity Act, targeting a mix of DISCOMS, government entities, and commercial and industrial (C&I) consumers.

Tags:

Business

NLC India Renewables Limited

NLC India Limited

PTC India

NIRL JV with PTC India

Prasanna Kumar Motupalli

Dr. Manoj Kumar Jhawar

JV for renewable energy projects