NLC India, PTC Forge Joint Venture for Green Energy Project.

NLC India Renewables Limited (NIRL), a wholly owned subsidiary of NLC India Limited (NLCIL), has entered into a joint venture agreement with PTC India, formerly known as Power Trading Corporation, at Neyveli.

The partnership follows a Memorandum of Understanding (MoU) signed between the two companies earlier in September. PTC India is a leading provider of power trading solutions.

Under the collaboration, NIRL and PTC India will jointly develop green energy projects with a total planned capacity of up to 2,000 MW, to be implemented in a phased manner. The first phase of the initiative is expected to focus on the development of around 500 MW of renewable energy capacity.