PNC Infratech Wins 300 MW Solar Project With 150 MW/600 MWh ESS From NTPC Under TBCB

K N Mishra

    15/Aug/2025

What's Covered Under the Article:

  • PNC Infratech receives Letter of Award from NTPC Limited for developing a 300 MW ISTS-connected solar power project with 150 MW/600 MWh energy storage system under Tariff Based Competitive Bidding.

  • The project will be executed within 24 months from PPA effectiveness and will be operated under a 25-year Power Purchase Agreement at a tariff of ₹3.13/kWh.

  • Awarded domestically, the project is part of NTPC’s renewable energy expansion and no promoter group interest or related-party transaction is involved.

PNC Infratech Limited has officially announced that it has received a Letter of Award (LoA) dated 14 August 2025 from NTPC Limited, acting as Renewable Energy Implementing Intermediary, for the development of a 300 MW Inter-State Transmission System (ISTS) connected solar power project coupled with a 150 MW/600 MWh energy storage system (ESS). The company secured the project under the Tariff Based Competitive Bidding (TBCB) mechanism via an online reverse auction process, at a discovered tariff of ₹3.13 per kWh.

The contract has been awarded by a domestic entity and does not fall under any related-party transaction provisions. The project is expected to commence power supply within 24 months from the effective date of the PPA (Power Purchase Agreement), and will operate for a duration of 25 years under the same PPA terms. After commissioning, the hybrid system will deliver firm and dispatchable renewable power backed by battery storage, helping NTPC meet its renewable integration mandates across the national grid.

Under NTPC’s renewables roadmap, this project is strategically significant as it integrates solar generation with energy storage, ensuring enhanced grid stability and round-the-clock clean energy delivery. For PNC Infratech, traditionally known for its presence in road and highway EPC, this award marks a strong diversification into the renewable EPC domain and aligns with the company’s long-term strategy to participate in utility-scale clean energy infrastructure.

The company has confirmed that none of the promoter or group companies has any interest in the contract and that the award is purely on an arms-length and competitive basis. The formal intimation to stock exchanges also noted that further implementation updates will be provided in accordance with SEBI Listing Regulations.

With the project formally awarded and bidding completed, the next stage includes signing of PPA and commencement of engineering and procurement activities, taking PNC Infratech one step closer to delivering its first large-scale integrated solar + storage project in India.


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