NTPC Green Energy Limited has informed the Exchange about signing of PPA for 1000 MW UPPCL's Solar PV Power Project.
NTPCGREEN · price
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NTPC Green Energy Limited has announced that NTPC Renewable Energy Limited (a group entity under NTPC Limited) has signed a Power Purchase Agreement (PPA) with UPPCL for a 1000 MW Solar PV Power Project. The PPA was signed on June 4, 2025, following the company's win in UPPCL's auction earlier in January 2025. The discovered tariff is ₹2.56 per kWh, which is competitive for large-scale solar projects in India. This is a significant capacity addition that will contribute meaningfully to NTPC Green Energy's renewable energy portfolio.
Positive for shareholders — a 1000 MW solar PPA with a state utility provides long-term revenue visibility (typically 25 years) and strengthens the order book. At an estimated 25% capacity utilization, this project could generate ~₹5,600 crore in annual revenue, making it a material order relative to the company's size. Expected to support stock sentiment and future earnings growth.