Latest news with #ISTS
The Hindu
12 hours ago
- Business
- The Hindu
NLCIL wins 450 MW wind-solar hybrid power project from NTPC
NLC India Limited (NLCIL) has received a Letter of Award from National Thermal Power Corporation Limited (NTPC) for the establishment of a 450 MW Inter-State Transmission System (ISTS) connected Wind-Solar hybrid power project. This project is part of NTPC's plan to procure 1200 MW hybrid power under a Tariff-based Competitive Bidding Process, with a provision for an additional 600 MW under the Greenshoe option. NLCIL has emerged successful in securing 450 MW contracted capacity, reaffirming its growing role in India's renewable energy transition. According to NLCIL, the hybrid project is designed to ensure a minimum annual Capacity Utilisation Factor (CUF) of 30% prompting optimal integration of renewable resources while ensuring grid stability and reliability. Under the terms of the Power Purchase Agreement (PPA), the project is expected to commence power supply within 24 months and will operate for a contractual period of 25 years. NLCIL will also have the option to form a dedicated Special Purpose Vehicle (SPV) for the project implementation. According to Prasanna Kumar Motupalli, Chairman and Managing Director of NLCIL, 'This significant win from NTPC marks a major milestone in NLCIL's renewable energy journey. The 450 MW hybrid project not only strengthens the company's footprint in green energy but also symbolises our commitment to innovation and sustainability. NLCIL remains firmly aligned with the country's vision for a cleaner, greener future and is confident of delivering high-performance assets that contribute to long-term energy security. NLCIL is already establishing a 150 MW Wind-Solar hybrid project from Solar Energy Corporation of India Limited (SECI) at Gujarat and the current project will enhance the company's hybrid capacity to 600 MW in total. The Letter of Award reinforces NLCIL's strategic alignment with the Government of India's energy diversification and clean power objectives, and it marks another step towards the company's vision of achieving 10 GW of renewable energy capacity by 2030.
New Indian Express
21 hours ago
- Business
- New Indian Express
NLCIL to develop 450 MW wind-solar hybrid project
CUDDALORE: Neyveli Lignite Corporation India Limited (NLCIL) has received a Letter of Award (LoA) from the National Thermal Power Corporation Limited (NTPC) for developing a 450 MW Inter-State Transmission System (ISTS) connected Wind-Solar Hybrid Power Project. In a press statement released on Tuesday, NLCIL said the LoA is part of NTPC's initiative to procure 1200 MW of hybrid power under a Tariff-Based Competitive Bidding process, with a provision to extend it by an additional 600 MW under the Greenshoe option. 'NLCIL has emerged successful in securing 450 MW contracted capacity, reaffirming its growing role in India's renewable energy transition,' the statement said. The project is designed to deliver a minimum annual Capacity Utilization Factor (CUF) of 30%. It aims to integrate renewable resources while maintaining grid stability and reliability.
Time of India
3 days ago
- Business
- Time of India
NLC India bags 450 MW hybrid power project from NTPC
NLC India Ltd has received a Letter of Award from NTPC Ltd for establishment of 450 MW Inter-State Transmission System (ISTS) Connected Wind-Solar Hybrid Power project in Rajasthan, the company said. According to the order secured from NTPC Ltd, NLC India would set up the 450 ISTS connected wind-solar power project, supply of hybrid power generated from the said project to NTPC Ltd for a period of 25 years under the Power Purchase Agreement (PPA). "The project would be developed in Bikaner, Rajasthan for 300 MW and Bhuj, Gujarat for 150 MW," NLC India said in a press release on Sunday. The scheduled commencement of supply date for supplying power from the full project shall be within a period of 24 months from the effective date of the Power Purchase Agreement, it said.
Mint
3 days ago
- Business
- Mint
Stocks to watch: Tata Steel, Torrent Pharma, HAL, BHEL, NLC India among shares in focus today
Tata Steel announced on Sunday that it has received a show-cause-cum-demand notice from the tax authorities regarding the alleged wrongful utilization of input tax credit exceeding ₹ 1,000 crore for the financial years 2018-19 to 2022-23. Waaree Solar Americas, a subsidiary of the company, has received a major order to supply 540 MW of solar modules from a U.S.-based developer specializing in utility-scale solar and energy storage projects. The board of the state-run Mazagon Dock has given the green light to acquire a majority stake in Colombo Dockyard PLC, a shipbuilding company listed in Sri Lanka, for $52.96 million (approximately ₹ 452 crore). Torrent Pharma, the leading company of the Torrent Group, announced on Sunday that it will acquire a controlling 46.39% stake in JB Chemicals and Pharmaceuticals from the global investment firm KKR. Post Graduate Institute of Medical Education and Research (PGIMER) is currently considering a proposal to hand over the management of its hospital canteens to the Indian Railway Catering and Tourism Corporation (IRCTC). BHEL received a fresh order from Adani Power on June 27 to supply critical equipment and supervise operations for six major thermal power units, each with a capacity of 800 MW. Government-owned aerospace and defence giant Hindustan Aeronautics Ltd (HAL) has proposed a final dividend of ₹ 15 per equity share for the financial year 2024–25. NLC India announced that it has received a Letter of Award (LoA) from NTPC Ltd for the development of a 450 MW wind-solar hybrid power project connected to the interstate transmission system (ISTS). The U.S. Securities and Exchange Commission (SEC) has submitted a status report to a federal court in New York, outlining its continued attempts to deliver legal documents to billionaire Gautam Adani and his nephew Sagar Adani as part of a civil securities lawsuit initiated last year. India's leading paint manufacturer has declared the acquisition of the remaining 40% equity stake in Obgenix Software Private Limited, the company behind the 'White Teak' brand, for a cash payment of ₹ 188 crore. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
4 days ago
- Business
- Time of India
NLC India secures 450 MW wind-solar hybrid project from NTPC
NLC India Ltd (NLCIL) announced that it has received a Letter of Award (LoA) from NTPC Ltd for the establishment of a 450 MW Inter-State Transmission System (ISTS) connected wind-solar hybrid power project. Under the terms of the LoA, NLC India will be responsible for setting up the 450 MW ISTS-connected wind-solar hybrid power project and supplying the generated power to NTPC Ltd for a period of 25 years under a Power Purchase Agreement (PPA). The project will be strategically developed in two key locations: 300 MW will be established in Bikaner, Rajasthan, and the remaining 150 MW in Bhuj, Gujarat. According to the company's statement, the scheduled commencement of power supply from the full project is slated to occur within 24 months from the effective date of the PPA. This collaboration between NLC India and NTPC Ltd marks a crucial step towards expanding renewable energy capacity in India, leveraging both wind and solar resources to provide a consistent and reliable power supply.
