NLC India Limited has submitted a regulatory disclosure under Regulation 30 of SEBI LODR Regulations, 2015 regarding a power purchase agreement executed by its subsidiary.
Project Details
- Project Capacity: 110 MW Solar Power Project
- Developing Entity: NLC India Renewables Limited (NIRL), a wholly owned subsidiary of NLC India Limited
- Project Vehicle: NIRL NCRTC Renewables Limited (NNRL), a Joint Venture Company
- JV Partners: NIRL (74% equity) and National Capital Region Transport Corporation Limited (NCRTC) (26% equity)
Power Purchase Agreement Details
- Parties: Executed between NNRL and NCRTC
- Location: Signed at New Delhi
- Power Procurement: NCRTC will procure power under captive mode
- Contract Duration: 25 years
- Commissioning Timeline: Scheduled Commissioning Date within 24 months from PPA signing date
- Energy Generation: Annual requirement of 180 MU (Million Units)
Project Location
The solar power project is envisaged to be developed in the state of Uttar Pradesh.