NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited (NGEL), has signed a Power Purchase Agreement (PPA) with PTC India Limited for the bilateral supply of 1,200 MW of solar power, marking a significant step in expanding renewable energy deployment in the country.
The agreement builds on the Memorandum of Understanding (MoU) signed between NTPC Green Energy and PTC India in March 2026, under which the two companies agreed to explore opportunities for renewable power sales through bilateral arrangements and other market mechanisms.
The PPA exchange took place in the presence of Dr. Manoj Kumar Jhawar, MD & CEO, PTC India, Dr. J.S. Chandok, CEO, ONGPL, and senior officials from NTPC Green Energy, NTPC Renewable Energy, and PTC India.
The latest agreement further strengthens NTPC Green Energy’s renewable energy portfolio. As of June 2026, the company has surpassed 10 GW of operational renewable energy capacity, reaching 10.62 GW. During FY 2025-26, the group added 4,175 MW of renewable energy capacity, including 2,065 MW commissioned in the fourth quarter alone, reflecting its accelerated expansion in India’s clean energy sector.
The partnership is expected to support India’s growing demand for clean electricity while contributing to the country’s long-term renewable energy and decarbonisation goals through increased adoption of utility-scale solar power.
