NTPC Limited has informed the Exchange regarding 'Declaration of COD of fourth partcapacity of 165 MW out of 1200 MW Khavda-II Solar PV Project located in Gujarat of NTPCRenewable Energy Limited'.
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NTPC Limited has announced that 165 MW (the fourth part) of the 1200 MW Khavda-II Solar PV Project in Gujarat has been declared on commercial operation from 00:00 hrs on 19 March 2026. The project is owned by NTPC Renewable Energy Limited, a wholly owned step-down subsidiary of NTPC via NTPC Green Energy Limited (NGEL). With this addition, the NTPC Group's total installed capacity rises to 88,709 MW and commercial capacity to 87,629 MW. The NTPC Green Energy Group's commercial capacity goes from 9,562.68 MW to 9,727.68 MW. This is one of several phases of the large Khavda-II solar project coming online.
Positive for shareholders — incremental revenue-generating capacity is now operational, supporting NTPC's renewable energy growth targets. However, this is only a small tranche (165 MW of 1200 MW), so the immediate earnings impact will be modest, with the remaining capacity expected to come online in phases.