en.Wedoany.com Reported - NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited (NGEL), signed a Power Purchase Agreement (PPA) with PTC India Limited (PTC India) on July 3, 2026, to sell 1.2 GW of solar power. The agreement was signed through a bilateral arrangement, solidifying their collaboration in the Indian solar market. Officials from NTPC REL, NGEL, PTC India, and ONGPL attended the signing ceremony.

The PPA signing ceremony was held in New Delhi, with attendees including Dr. Manoj Kumar Jhawar, Managing Director and CEO of PTC India; Dr. J. S. Chandok, CEO of ONGPL; and several senior officials from NTPC REL, NGEL, PTC India, and ONGPL. NTPC Green Energy Limited has submitted regulatory disclosure filings to the National Stock Exchange of India and BSE Limited, as required under SEBI regulations.

The signing of this Power Purchase Agreement comes as the NTPC Group accelerates the expansion of its renewable energy portfolio. In fiscal year 2026, the group added 5,488 MW of renewable energy capacity through solar, wind, and pumped storage projects. According to official information released by NTPC, the group has crossed the milestone of 90 GW total installed capacity and has set a target of achieving 149 GW total installed capacity by 2032, with renewable energy contributing 60 GW. This Power Purchase Agreement between NTPC REL and PTC India represents another case of deepening collaboration among Indian public sector enterprises in the clean energy sector, helping to increase the share of renewable energy in India's power mix.