New Delhi: NHPC Ltd has awarded a major renewable energy project to PNC Infratech Ltd for the development of a 300 MW Inter State Transmission System (ISTS)-connected solar power plant. The project also includes a 150 MW/600 MWh energy storage system.
Driving Renewable Energy Expansion
The project was secured under Tariff Based Competitive Bidding (TBCB) through an electronic reverse auction mechanism. NHPC’s Letter of Award (LoA) outlines a tariff of ₹3.13 per kWh for the project.
The power purchase agreement (PPA) will run for 25 years, with supply scheduled to commence within 24 months from the effective date. This development reinforces NHPC’s commitment to strengthening India’s clean energy infrastructure.
Market Impact
Shares of NHPC Ltd closed at ₹82.10 on the Bombay Stock Exchange, marking a decline of 3.54% on the day of the announcement.
About NHPC
NHPC Ltd, a central public sector enterprise under the Ministry of Power, is India’s leading hydropower company. Headquartered in Faridabad, Haryana, NHPC has diversified into solar and wind energy, reflecting its growing role in India’s renewable energy transition. With a strong portfolio of projects, the company continues to expand its footprint in sustainable power generation.
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