NLC India Limited has informed stock exchanges that its wholly-owned subsidiary, NLC India Renewables Limited, has received a Letter of Award for a wind power project. The disclosure was made under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations 2015.
NLC India Renewables Limited, referred to as NIRL, participated in a competitive bidding process conducted by SJVN Limited and secured an allocation of 200 MW out of the 600 MW wind power capacity tendered.
Key Details of the Wind Power Letter of Award
Which Subsidiary Received the LoA?
The Letter of Award was received by NLC India Renewables Limited (NIRL), a wholly-owned subsidiary of NLC India Limited. NIRL focuses on renewable energy projects including solar and wind power.
How Was the Project Awarded?
SJVN Limited floated a competitive national tender — Request for Selection — for Wind Power Developers to set up 600 MW of wind energy projects across India. Companies bid on electricity tariffs. NIRL participated in the process and received the Letter of Award from SJVN Limited following its selection.
Capacity and Transmission Details
NLC India Renewables Limited has been allocated a contracted capacity of 200 MW out of the total 600 MW tendered by SJVN Limited. The project will be connected to the Inter-State Transmission System (ISTS) and will supply power on a PAN-India basis.
Project Details At A Glance
| Detail | Information |
|---|---|
| Parent Company | NLC India Limited |
| Subsidiary That Won LoA | NLC India Renewables Limited (NIRL) |
| Tender Organiser | SJVN Limited |
| Tender Type | Request for Selection for Wind Power Developers |
| Total Capacity Tendered | 600 MW |
| Capacity Allocated to NIRL | 200 MW |
| Transmission | Inter-State Transmission System (ISTS), PAN-India |
| Award Document | Letter of Award (LoA) issued by SJVN Limited |
| Disclosure Regulation | Regulation 30 of SEBI LODR 2015 |
About SJVN Limited's 600 MW Wind Tender
SJVN Limited issued the Request for Selection for 600 MW of wind power projects to be set up at wind energy sites across India. The selection process was based on competitive tariff bidding. NLC India Renewables Limited secured 200 MW of the 600 MW capacity through this process and received the Letter of Award from SJVN Limited.
The projects will be connected to ISTS, enabling interstate power transmission. NLC India Limited is a Navratna Government of India enterprise under the Ministry of Coal, listed on both NSE and BSE. NIRL is its wholly-owned subsidiary established for renewable energy projects.
Conclusion
NLC India Limited has disclosed that its wholly-owned subsidiary NLC India Renewables Limited has received a Letter of Award from SJVN Limited for 200 MW of wind power capacity out of a 600 MW national competitive tender. The project will be ISTS-connected and will supply power on a PAN-India basis. The disclosure was made to stock exchanges under Regulation 30 of SEBI LODR 2015.