NLC India Secures LoA for 110 MW Captive Solar PV Power Projects from NCRTC
NLC India has received an LoA from National Capital Region Transport Corporation to set up 110 MW captive solar PV projects in Uttar Pradesh, with power to be supplied under a 25-year PPA.
December 15, 2025. By Mrinmoy Dey
The tender for this was floated in August 2025.
The company will supply power generated from the aforesaid project for a period of 25 years under a power purchase agreement (PPA).
The Scheduled Commencement of Supply Date (SCSD) for supplying power from the full Project capacity must be within a period of 24 months from the effective date of the PPA, the company said in a regulatory filing.
NCRTC is targeting around 70 percent of its total energy demand to be met through renewables. As part of its solar roadmap, the corporation plans to install 15 MWp of in-house rooftop solar capacity across stations, depots, and other buildings, of which 5.5 MW is already in operation. According to its 2024-25 annual report, NCRTC has commissioned 4.7 MW of rooftop solar systems across its network, helping cut costs and emissions. The report added that its long-term strategy to source up to 60 percent of corridor power needs from a proposed 110 MW captive solar plant will further strengthen its low-carbon growth trajectory.
NLC India recently secured its first Green Loan under the External Commercial Borrowing (ECB) framework, raising JPY 15.464 billion (USD 100 million) from Sumitomo Mitsui Banking Corporation (SMBC). It will exclusively support capital expenditure for renewable energy projects undertaken through its subsidiary, NLC India Renewables (NIRL).
In July 2025, the Cabinet Committee on Economic Affairs approved a special exemption allowing NLC India to invest INR 7,000 crore in its subsidiary NIRL without prior approval. Subsequently, the company's board gave in-principle approval to infuse up to INR 1,630.89 crore in NIRL in one or more tranches through equity subscription.
NLC India has set a target of 10 GW of renewable energy capacity by 2030 and aims to raise the green share of its power portfolio to 50 percent, contributing to India's Net-Zero 2070 vision.
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