The partnership includes a joint venture between NLC India Limited and PTC India. Together, they will advance renewable energy projects to fruition throughout India. This unusual partnership is devoted to getting more renewable energy projects off the ground. Collectively, we hope to see a combined capacity of up to 2,000 megawatts (MW). This new joint development agreement expands on the initial memorandum of understanding executed on September 8, 2025. Moreover, it reflects a truly historic step toward transforming the country’s renewable energy landscape.
The new joint venture will be built out in stages, with the first stage aiming for about 500 MW of capacity. This phased approach will ensure the implementation can be structured while still meeting the increasing energy needs of every sector.
Project Details and Structure
The renewable energy projects will benefit from a range of competitive power sales mechanisms. They’re further going to use the regulated sales per Section 62 or 63 of the Electricity Act. This highly complex framework is meant to encourage transparency and efficiency as states sell the power produced by such projects. By taking advantage of these mechanisms, the partnership seeks to provide its consumers with a reliable and sustainable energy source.
The green power produced will serve as a mix for a wide range of customers, from distribution utilities to government entities to commercial and industrial users. This broad spectrum of customers highlights the project’s potential to significantly contribute to India’s energy needs while promoting the use of renewable sources.
Phased Implementation Strategy
Each of the winning projects will be built in two separate phases. The first phase of projects is targeting 500 MW. This decision marks an important first step on the road to achieving this ambitious goal of 2,000 MW. This staggered rollout allows for gradual scaling and adaptation based on demand and operational insights gained during the initial phase.
This phased approach continues to shape their strategic planning and resource allocation. Key among them is ensuring projects are effectively lived and optimized once completed. Such a precise implementation is necessary in order to plan a sustainable, renewable energy future in India.
Background of the Agreement
The joint venture agreement expands on a memorandum of understanding signed earlier this year between NLC India and PTC India. This initial collaboration created a template for the deeper partnership that is beginning to take form. This, the memorandum claimed, reflected both companies’ deep commitment to promoting renewable energy solutions in India. It unmistakably captures their collective dream for a sustainable future.
Both companies are pleased to formalize their close collaboration with this joint venture agreement. Collectively, they intend to increase the share of renewable generation in India’s overall energy mix enormously. No wonder this partnership makes so much sense in helping achieve national energy goals. It illustrates the growing importance of renewables in fulfilling new energy needs.