NLC India Limited has received a letter of acceptance (LoA) from the National Capital Region Transport Corporation Limited (NCRTC) for developing 110 MW of grid-connected solar photovoltaic power projects in Uttar Pradesh under the captive mode.
The project will supply solar power to NCRTC under a 25-year power purchase agreement (PPA). The scheduled commencement of supply for the full capacity is targeted within 24 months from the effective date of the PPA.