NLC India Signs PPA for Major Solar Push in Rajasthan

In a significant step toward India’s clean energy ambitions, NLC India Renewables Limited (NIRL), the green energy arm of NLC India Limited (NLCIL), has signed a Power Purchase Agreement (PPA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) for its upcoming 810 MW solar project. 

The project will be developed at the Pugal Solar Park in Bikaner district, Rajasthan. 

Aligning with India’s 500 GW Green Energy Vision 

This initiative is in line with Prime Minister Narendra Modi’s vision to establish 500 GW of renewable energy capacity by 2030. NLCIL, a Navratna Central Public Sector Undertaking (CPSU), has been a front-runner in India’s renewable energy transition. NIRL, a 100% subsidiary of NLCIL, is spearheading the implementation of this solar project. 

The agreement was formalised in Jaipur in the presence of key dignitaries, including Smt. Arti Dogra (IAS), CMD, DISCOMs, Government of Rajasthan, Shri Nathmal Didel (IAS), Secretary (Energy), Government of Rajasthan, and top officials from NLCIL, NIRL, and RVUNL. 

A Major Milestone for Renewable Energy in Rajasthan 

The 810 MW solar power project is being implemented under the Ministry of New and Renewable Energy’s (MNRE) Ultra Mega Renewable Energy Power Park (UMREPP) Scheme – Mode 8. The project was awarded through a competitive tariff-based bidding process conducted by RVUNL. 

This solar plant will be built on barren lands in Bikaner, which offer abundant solar radiation, making it an ideal location for renewable power generation. It is expected to produce ~2 billion units (BU) of green electricity annually, helping offset nearly 1.5 million metric tons of CO₂ emissions every year. 

Strengthening NLCIL’s Renewable Energy Portfolio 

NLCIL was the first CPSU to achieve 1 GW of renewable energy capacity and continues to expand its clean energy footprint. The 810 MW solar project marks another major stride towards the company’s long-term goal of achieving 10 GW of renewable energy capacity by 2030. 

This project also contributes to India’s broader efforts toward energy security and decarbonisation. 

Commenting on this development, CMD Shri Prasanna Kumar Motupalli stated, “This 810 MW project is a jewel in the crown of NLCIL ‘s renewable portfolio. The signing of the PPA marks a pivotal moment for NLCIL and reaffirms our commitment to clean and sustainable energy. This 810 MW project is not just our largest solar initiative, it is a symbol of our resolve to lead India’s green energy future. We are proud to collaborate with RVUNL and the State of Rajasthan in this transformative effort.” 

Looking Ahead: Expanding Presence in Rajasthan 

In addition to this project, NLCIL is exploring further renewable energy developments in Rajasthan, including up to 2,000 MW of solar power and 3 x 125 MW lignite-based thermal power projects with linked mines, through joint ventures. 

The company’s deep-rooted association with Rajasthan since the early 2000s continues to grow, underpinned by trust and collaboration. 

Also Read: NLC India Wins Wind Power Project of 200 MW From SJVN! 

Conclusion 

With the signing of the PPA for the 810 MW solar project, NLCIL reinforces its commitment to clean energy and sustainable growth. The project not only enhances Rajasthan’s renewable capacity but also supports India’s mission of a greener, low-carbon future. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.