NLC India Renewables secures 300 MW wind power project from Gujarat Urja Vikas Nigam

New Delhi: NLC India Renewables Limited (NIRL), a wholly owned subsidiary of NLC India Limited, has secured a 300 MW wind power project from Gujarat Urja Vikas Nigam Limited (GUVNL), marking a significant development in the company's renewable energy portfolio.

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According to a regulatory filing by NLC India Limited, NIRL participated in GUVNL's competitive bidding process for the procurement of power from 250 MW grid-connected wind power projects under Phase XI, which included a greenshoe option for an additional capacity of up to 250 MW.

NIRL was declared a successful bidder for an initial capacity of 100 MW. The company subsequently accepted an additional 100 MW under the greenshoe option and a further 100 MW under the additional greenshoe capacity, taking the total awarded capacity to 300 MW.

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Following the successful bidding process, NIRL has received a Letter of Intent (LoI) from GUVNL for the development of the 300 MW wind power projects.

The development strengthens NLC India Renewables' presence in the renewable energy sector and adds to its portfolio of wind power projects.

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