New Delhi: In a significant development for India’s renewable energy sector, NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Green Energy Limited (NGEL), has signed a bilateral Power Purchase Agreement (PPA) with PTC India Limited for the supply of 1,200 MW of solar power. The agreement marks a major step in strengthening large-scale green energy procurement in the country.
Landmark Bilateral Solar Power Agreement
Under the agreement, NTPC REL will supply 1,200 MW of solar power to PTC India Limited. This clean energy will be integrated into the national grid, supporting India’s transition toward sustainable and low-carbon electricity generation.
The deal reflects the growing trend of direct corporate renewable energy procurement, enabling faster deployment of clean power while reducing reliance on traditional distribution company tender processes.
Agreement Exchanged in Presence of Senior Leadership
The PPA exchange ceremony was attended by senior officials from both organizations, highlighting the strategic importance of the partnership.
Key dignitaries present included:
- Dr. Manoj Kumar Jhawar, Managing Director & CEO, PTC India Limited
- Dr. J. S. Chandok, CEO, ONGPL
- Senior executives from NTPC Green Energy Limited (NGEL)
- Leadership teams from NTPC REL and PTC India Limited
The agreement was formally communicated through a SEBI Regulation 30 filing dated July 3, 2026, submitted by Deepak C. S., Company Secretary and Compliance Officer of NGEL.
Strengthening NTPC’s Renewable Energy Expansion Strategy
NTPC REL operates under NTPC Green Energy Limited, which serves as the primary vehicle for NTPC’s renewable energy ambitions. The company is actively expanding its footprint in solar and other clean energy segments as part of India’s broader energy transition strategy.This 1,200 MW agreement highlights NTPC’s commitment to scaling up renewable capacity and increasing green power availability across the national grid.
Boost to Corporate Clean Energy Procurement in India
The bilateral PPA also reflects a growing shift in India’s energy market, where large-scale renewable energy deals are increasingly being executed between corporate entities.
Such agreements help:
- Accelerate clean energy adoption
- Improve energy procurement efficiency
- Support India’s renewable energy targets
- Strengthen grid-level sustainability
About NTPC REL
NTPC Renewable Energy Limited (NTPC REL) is a subsidiary of NTPC Green Energy Limited (NGEL) and is focused on developing large-scale renewable energy projects, particularly solar power. It plays a key role in advancing NTPC’s clean energy transition strategy by expanding India’s renewable energy capacity and supporting sustainable power generation initiatives.
