Commercial Operation Declaration

NTPC Group Adds 64.76 MW Solar Capacity at Khavda, Total Installed Capacity Reaches 91,030 MW

NSE

ntpc

BSE

532555

NTPC Limited has announced that its step-down subsidiary, NTPC Renewable Energy Limited (NREL), has declared the Commercial Operation Date (COD) for the first 64.76 MW capacity of its 225 MW GSECL Renewable Energy Park, Khavda Solar PV Project in Gujarat, effective from 00:00 hours on 24 July 2026. The project is held through NTPC Green Energy Limited (NGEL).
Following the commissioning, NTPC Group’s total installed capacity has increased to 91,030 MW, while its commercial operating capacity now stands at 89,950 MW. The development also increases NTPC Green Energy Group’s installed capacity to 10,786.56 MW, reinforcing the group’s renewable energy expansion strategy.

PRICE-SENSITIVE TRIGGER

Event: NTPC declared the commercial operation of the first 64.76 MW phase of the 225 MW Khavda Solar PV Project in Gujarat.

Type: Commercial Operation Declaration

Impact: Positive

Immediate Effect: The commissioning adds renewable generation capacity to NTPC’s operational portfolio, increasing both the group’s installed capacity and NTPC Green Energy’s renewable asset base.

Metrics:

Key Financial Metrics:

Project Capacity: 225 MW
Commercial Capacity Declared: 64.76 MW
Commercial Operation Effective: 24 July 2026 (00:00 hrs)
NTPC Group Installed Capacity: 91,030 MW
NTPC Group Commercial Capacity: 89,950 MW
NTPC Green Energy Group Installed Capacity: 10,786.56 MW
Previous NTPC Green Energy Installed Capacity: 10,721.80 MW

Highlight:

Commercial operation of the first 64.76 MW at the Khavda Solar PV Project increases NTPC Group’s installed capacity to 91,030 MW while expanding its renewable energy portfolio.

What Happened ?

NTPC informed the stock exchanges that its subsidiary NTPC Green Energy Limited (NGEL) has declared the commercial operation of the first 64.76 MW capacity of the 225 MW GSECL Renewable Energy Park, Khavda Solar PV Project in Gujarat. The project is being developed by NTPC Renewable Energy Limited (NREL), a wholly owned subsidiary of NGEL and a step-down subsidiary of NTPC Limited. Commercial operation became effective from 00:00 hours on 24 July 2026.

The announcement marks the commencement of power generation from the initial phase of the project. With this addition, NTPC continues to expand its renewable generation portfolio while increasing its overall operational capacity.

key details

Khavda Solar Project Progress:

The first 64.76 MW of the 225 MW Khavda Solar PV Project has achieved commercial operation.
The project is located at GSECL Renewable Energy Park, Khavda, Gujarat.
The project is being developed by NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy Limited.
Commercial operation became effective from 00:00 hours on 24 July 2026.
NTPC Group’s total installed capacity has increased to 91,030 MW.
NTPC Group’s commercial operating capacity now stands at 89,950 MW.
NTPC Green Energy Group’s installed renewable capacity has increased from 10,721.80 MW to 10,786.56 MW.

Note:

The declaration covers only the first 64.76 MW of the total 225 MW project capacity.
The remaining capacity is expected to be commissioned in phases as project execution progresses, subject to completion and regulatory requirements.

Risk Analysis

Summary:

The commercial operation of the first phase reduces project execution risk for this portion of the capacity. However, the remaining capacity of the project is yet to be commissioned.

Key Risks:

Only 64.76 MW of the total 225 MW project has achieved commercial operation.
The balance project capacity remains under execution.
Future capacity additions will depend on successful commissioning of the remaining phases.
Project timelines and operational readiness will influence completion of the full project.

Worst Case:

Any delay in commissioning the remaining project capacity could postpone the realization of the full generation potential and associated operational benefits.

Risk Level: Low

Company Commentary

Commercial operation has been declared for the first 64.76 MW of the 225 MW Khavda Solar PV Project.
The Commercial Operation Date is effective from 00:00 hours on 24 July 2026.
NTPC Group’s installed capacity has increased to 91,030 MW, while commercial capacity has reached 89,950 MW.
NTPC Green Energy Group’s installed capacity has increased to 10,786.56 MW following the commissioning.

Official Exchange Filing: NTPC Limited

Support our work by sharing