NTPC Green Energy Ltd has secured 1,000 MW capacity in UPPCL’s solar auction, signing a Power Purchase Agreement (PPA) at ₹2.56 per kWh, reinforcing its renewable energy expansion in India
By Megha Rani June 4, 2025, 11:34:40 PM IST (Published)
NTPC Green Energy Ltd, a subsidiary of NTPC Ltd , has won 1,000 MW capacity in Uttar Pradesh Power Corporation Limited (UPPCL)’s solar PV power project auction. The company signed a Power Purchase Agreement (PPA) at a discovered tariff of ₹2.56 per kWh on Wednesday (June 4).
This week, NTPC Green Energy partnered with Honeywell Automation India to explore SAF production in India. SAF, derived from non-petroleum feedstocks, significantly reduces air transport emissions.
The companies plan to use Honeywell’s eFining technology to produce SAF from carbon dioxide (CO₂) captured at NTPC power plants and green hydrogen, further diversifying NTPC’s green fuel portfolio. NTPC aims to blend SAF with jet fuels, strengthening its presence in low-carbon energy solutions.
Q4 results
In its Q4 results, NTPC Green Energy reported a threefold increase in net profit to ₹233 crore, compared to ₹81 crore last year. Quarterly revenue jumped 22.5% to ₹622.3 crore from ₹508 crore during the same period in 2024.
In its fourth-quarter report, the company reaffirmed its commitment to expand renewable capacity, targeting 40 GW by FY 2032, bringing its total renewable portfolio to 60 GW. Additionally, NTPC anticipates 14 GW of pumped hydro capacity to be commissioned within the next six to nine years.
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