New Delhi: Power trading major PTC India Limited has announced that its Board of Directors has approved entering into a Joint Venture (JV) Agreement with NLC India Renewables Limited, a wholly owned subsidiary of NLC India Limited, to jointly develop green energy projects with a total capacity of up to 2,000 MW across India.
According to a regulatory filing made by the company, the JV will focus on renewable energy ventures including solar, wind, hydro, and battery energy storage systems, among other clean energy initiatives. The projects will be executed in a phased manner and will be subject to requisite statutory and regulatory approvals.
As per the proposed shareholding structure, NLC India Renewables Limited will hold 74 percent in the new JV company, while PTC India will hold the remaining 26 percent. The consideration will be in the form of subscription to the shares of the proposed JV entity.
The company stated that the collaboration is aimed at strategic expansion into renewable assets, which will not only strengthen PTC India’s trading portfolio but also enhance its consultancy and advisory services. The move aligns with the company’s long-term goal of achieving sustainability and green growth.
PTC India Limited, formerly known as Power Trading Corporation of India Limited, is a leading power trading solutions provider, facilitating electricity trading, renewable energy integration, and cross-border power transactions.
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