Image Source: Renewable Watch
Ircon International Limited's renewable energy arm, Ircon Renewable Power Limited (IRPL), has successfully commissioned an additional 100 MW of solar power capacity as part of its ongoing expansion efforts. This latest development boosts the operational capacity of IRPL's solar projects under the NTPC Green Energy umbrella, marking a significant milestone in India's ambitious renewable energy journey. The new capacity became commercially operational from September 17, 2025, further reinforcing the company’s role in the nation’s clean energy transition.
Key Highlights of the Latest Capacity Addition
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The newly commissioned 100 MW solar power capacity is part of a phased 500 MW plant project undertaken by IRCON Renewable Power.
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This addition raises the total operational capacity of the IRPL plant to 400 MW.
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The project is a joint venture where IRCON holds a 76% stake, with the remaining 24% owned by Ayana Renewable Power Pvt. Ltd.
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NTPC Green Energy, a 50% joint venture partner of ONGC and NTPC, has declared this capacity commercial from midnight of September 17, 2025.
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With this capacity addition, the total installed capacity of NTPC Green Energy Group increases to 7,372.575 MW.
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The power generated under this project is backed by a long-term Power Purchase Agreement (PPA) with South Western Railway at a competitive fixed tariff of Rs. 2.45 per unit, valid for 25 years, providing steady revenue visibility.
Project Background and Execution
Ircon Renewable Power Limited is focused on expanding solar energy capacity in accordance with India's renewable energy targets. The current project is part of the Central Public Sector Undertakings (CPSU) scheme Phase-II initiated by the Ministry of New and Renewable Energy to promote grid-connected solar power projects. The project enjoys viability gap funding support and is structured to ensure efficient execution and commercial sustainability.
The timely commissioning of this 100 MW segment signifies strong execution capabilities despite the challenges typical of large-scale renewable infrastructure projects. This capacity increment forms part of a broader strategy to scale up renewable energy production to assist India in meeting its renewable target of 500 GW by 2030.
Strategic Importance and Financial Outlook
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The project’s long-term PPA with South Western Railway ensures predictable cash flows and strengthens the financial health of IRPL.
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The Rs. 2.45 per unit tariff agreed for 25 years underlines cost competitiveness amid fluctuating solar tariffs nationwide.
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The venture benefits from synergies with NTPC Green Energy's extensive operational expertise and IRCON’s engineering capabilities.
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The joint venture structure also allows leveraging Ayana Renewable Power’s niche expertise in renewable power project development and management.
Future Prospects and Industry Context
The commissioning of this additional capacity is aligned with IRCON International’s broader diversification into renewable infrastructure beyond its traditional railway and infrastructure projects. It highlights the company’s commitment to sustainable growth and contribution to national clean energy goals.
This step is a critical increment in the renewable power infrastructure that supports India's ambitious energy transition plans, which prioritize solar energy as a key resource. With NTPC Green Energy's parallel efforts in renewable capacity additions and strategic partnerships, the sector is witnessing a surge in operational scale and efficiency.
Concluding Overview
Ircon Renewable Power's incremental 100 MW commissioning is a notable milestone reflecting the robust collaboration among IRCON International, NTPC Green Energy, and Ayana Renewable Power. It solidifies IRCON’s foothold in the renewable sector, heralding more green energy projects in the pipeline. India's renewable power capacity continues its rapid ascent as projects like these align with governmental schemes, international climate commitments, and market-driven sustainability imperatives.
Source: Reuters, Business Standard, Business Upturn
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