Author: PPD Team Date: 05/06/2025
NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has signed a 25-year power purchase agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL). The agreement, signed on June 4, 2025, covers the supply of 1,000 MW of solar power from an Inter-State Transmission System (ISTS)-connected project.
The project can be located anywhere in India. NGEL will develop it under a build, own, operate and maintain (BOOM) model. The scope includes land identification, installation, connectivity, and securing regulatory approvals.
NGEL secured the capacity in January 2025 by winning bids at a tariff of Rs 2.56 per kWh.
This follows UPPCL’s February 2024 tender seeking 2,000 MW of solar capacity through tariff-based competitive bidding (TBCB). NGEL was selected as one of the successful developers.
Power supply is scheduled to begin within 24 months from the date of signing the PPA.