• What? Green energy Joint Venture Agreement signed
• Entities: NLC India Renewables Limited (NIRL) and PTC India Limited
• Where? Neyveli, Tamil Nadu
• Target Capacity: Up to 2,000 Megawatt (MW)
• First Phase: Around 500 MW
• Equity: Proposed shareholding is 74% NIRL and 26% PTC India.
• Focus: Solar, Wind, Hydro, Battery Energy Storage Systems (BESS), and Green Ammonia.

About the Joint Venture Agreement (JVA):
Purpose: The joint venture will establish, operate, and maintain renewable energy projects covering solar, wind, hydro, Battery Energy Storage System (BESS), green ammonia, and other emerging green technologies.
Capacity Plan: A total green energy capacity of up to 2,000 Megawatt (MW) will be developed in phases, with an initial deployment of approximately 500 MW.
Strategic Objective: The venture aims to accelerate large-scale renewable energy deployment, develop renewable energy parks, and support India’s transition to clean and sustainable energy.
Partner Strengths: NLC India Limited will contribute project development and power generation expertise, while PTC India Limited will provide power trading capabilities and market access.
Power Sales: Electricity will be sold through competitive and regulated mechanisms under Sections 62 and 63 of the Electricity Act, 2003.
Target Customers: The venture will supply power to Distribution Companies (DISCOMs), government entities, and commercial and industrial consumers.
Ownership & Governance: NIRL will hold 74% equity and PTC India Limited 26%, with both partners appointing nominee directors for board-level oversight.