NTPC

March 19 (Reuters) - NTPC Ltd NTPC.NS:

• NTPC - SIGNS MOU WITH OCTOPUS ENERGY GROUP FOR STRATEGIC COLLABORATION

Further company coverage: NTPC.NS

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March 10 (Reuters) - NTPC Ltd NTPC.NS:

• DECLARATION OF COD OF SECOND PART CAPACITY OF 91.6 MW OUT OF 250 MW SOLAR PV PROJECT LOCATED IN ANDHRA PRADESH

Source text: ID:nNSE7Gd3kt

Further company coverage: NTPC.NS

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MUMBAI, March 9 (Reuters) - India's North Eastern Electric Power Corporation (NEEPCO) accepted bids worth 4 billion rupees ($43.32 million) for the sale of staggered redemption bonds maturing in 10 years, three bankers said on Monday.

The state-run firm will pay a coupon of 7.74% and had invited commitment bids for the issue earlier in the day, they said. The bonds will have a call option after five years, they added.

NEEPCO did not respond to a Reuters email seeking comment.

Here is the list of deals reported so far on March 9:

*Size includes base plus greenshoe for some issues

($1 = 92.3350 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Janane Venkatraman)

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MUMBAI, March 5 (Reuters) - India's North Eastern Electric Power Corporation (NEEPCO) plans to raise at least 7.5 billion rupees ($81.85 million), including a greenshoe option of 5 billion rupees, through the sale of staggered redemption bonds maturing in 10 years, three bankers said on Thursday.

The state-run firm invited coupon and commitment bids for the issue on Monday, they said. The bonds will have a call option after five years, they added.

NEEPCO did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on March 5:

*Size includes base plus greenshoe for some issues

($1 = 91.6275 Indian rupees)

(Reporting by Dharamraj Dhutia, Khushi Malhotra; Editing by Harikrishnan Nair)

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Feb 27 (Reuters) - NTPC Ltd NTPC.NS:

• NTPC - GETS TOTAL TAX DEMAND FOR 199.7 MILLION RUPEES

Source text: ID:nBSE7q4p8y

Further company coverage: NTPC.NS

(([email protected];))

Feb 26 (Reuters) - Gujarat Mineral Development Corporation Ltd GMDC.NS:

• CO AND NTPC SIGN MOU FOR COAL AND LIGNITE GASIFICATION

Source text: ID:nBSE9Kx17t

Further company coverage: GMDC.NS

(([email protected];))

Feb 25 (Reuters) - NTPC Ltd NTPC.NS:

• NTPC - GROUP INSTALLED CAPACITY NOW 88,132 MW

Source text: ID:nBSEcfCWH5

Further company coverage: NTPC.NS

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Feb 20 (Reuters) - NTPC Ltd NTPC.NS:

• NTPC - COD DECLARED FOR 158.4 MW OF 250 MW SOLAR PROJECT IN ANDHRA PRADESH

Source text: ID:nBSE81WMfD

Further company coverage: NTPC.NS

(([email protected];))

Feb 16 (Reuters) - NTPC Ltd NTPC.NS:

• NTPC - NSPCL DECLARES COD OF ADDITIONAL 5 MW SOLAR CAPACITY

Source text: ID:nBSE6Hvt2W

Further company coverage: NTPC.NS

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Feb 9 (Reuters) - NTPC Ltd NTPC.NS:

• NTPC - 14.43 MW KHAVDA-I SOLAR PV PROJECT OPERATIONAL FROM 10 FEB 2026

Source text: ID:nNSE6JNh0z

Further company coverage: NTPC.NS

(([email protected];))

Jan 30 (Reuters) - National Power Thermal Corp (NTPC) NTPC.NS, India's top power producer, reported a rise in third-quarter profit on Friday, driven mainly by lower fuel costs.

The company's consolidated net profit rose 8.4% to 54.89 billion rupees ($596.97 million) in the quarter ended December 31.

Fuel costs, which account for roughly 60% of NTPC's overall operating expenses, fell 7.2% to 227.76 billion rupees. The company primarily purchases and uses coal for power generation.

However, the state-owned company's total expenses rose 2.7% to 395.33 billion rupees in the quarter.

Power generation in the third quarter remained nearly flat year-on-year as weak output in October and November was offset by a sharp rebound in December, driven by higher use of heating appliances amid colder-than-normal winter conditions, according to analysts at Elara Capital.

India's electricity generation declined 6.9% and 1.5% in October and November, respectively, before rising 5.6% in December.

Revenue from operations rose about 2% to 458.46 billion rupees.

Rivals Adani Power ADAN.NS and Torrent Power TOPO.NS are yet to report third-quarter results.

($1 = 91.9480 Indian rupees)

(Reporting by Anuran Sadhu and Komal Salecha in Bengaluru)

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NEW DELHI, Jan 27 (Reuters) - India will stop setting annual targets for clean energy tenders after missing last year's goal and building up a large backlog of projects without buyers, a senior government official said.

Indian developers are already sitting on the rights to build around 43 gigawatts of renewable power for which they have yet to find customers. State utilities have delayed buying clean power, expecting prices to fall and citing uncertainty over power delivery due to delays in transmission infrastructure.

India's clean energy ministry has asked renewable implementation agencies to find buyers for the power from those tenders, Reuters reported in November.

"As per their (implementation agencies') initial evaluation, they are still confident that they will be able to sell quite a lot of power out of that (backlog)," Santosh Kumar Sarangi, a top official at the Ministry of New and Renewable Energy, told Reuters in an interview.

Sarangi said less than half of the unsold capacity may be cancelled.

Against this backdrop, the government plans to change how clean energy tenders are issued, moving away from fixed annual targets. Instead, new tenders will be floated only after assessing demand from state power utilities, Sarangi said.

India had initially planned to auction about 50 GW of new clean energy capacity last year but ended up tendering only around 15 GW, after auctioning about 50 GW each in 2023 and 2024.

Despite the slowdown, Sarangi said India remains on track to meet its target of 500 GW of non-fossil fuel power capacity by 2030. The country added about 38 GW of clean energy capacity in 2025.

"We are not looking at a figure because we have pending bids that need to be finalised," Sarangi said, adding that agencies are engaging with state governments to assess demand.

The Ministry of New and Renewable Energy may also consider changes to the structure of renewable energy implementation agencies, he said.

Power producers NTPC NTPC.NS, NHPC NHPC.NS and SJVN SJVN.NS, which also act as federal renewable tendering agencies, could be relieved of that role, potentially leaving the Solar Energy Corp of India (SECI) as the main agency handling clean energy tenders.

The power producers have asked the government to relieve them from their role as implementation agencies and the government is evaluating the requests, the official said.

Among these agencies, NHPC has the largest volume of unsold tenders at about 15.8 GW, while SECI has the smallest at around 3.9 GW, according to a power ministry document reviewed by Reuters.

(Reporting by Sethuraman NR; editing by Mayank Bhardwaj)

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Jan 23 (Reuters) - PTC India Ltd PTCI.NS:

• NTPC TO BECOME SOLE PROMOTER OF CO

Source text: ID:nBSE8hKTLQ

Further company coverage: PTCI.NS

(([email protected];))

Jan 16 (Reuters) - NTPC Ltd NTPC.NS:

• NTPC - DECLARATION OF COD OF THIRD PART CAPACITY OF 37.5 MW SOLAR

Source text: ID:nBSEbzjK

Further company coverage: NTPC.NS

(([email protected];))

Jan 15 (Reuters) - NTPC Ltd NTPC.NS:

• NTPC - COD DECLARED FOR 300MW OF BHADLA SOLAR PV PROJECT OF UNIT

• NTPC - TOTAL CAPACITY TO REACH 87,287 MW INSTALLED, 86,207 MW COMMERCIAL

Source text: ID:nBSE7ywy91

Further company coverage: NTPC.NS

(([email protected];))

Jan 2 (Reuters) - NTPC Ltd NTPC.NS:

• HAS NOT ENTERED INTO ANY AGREEMENT FOR PARTNERSHIP WITH CCTE

Source text: ID:nBSEbyxfFY

Further company coverage: NTPC.NS

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By Saurabh Sharma

NEW DELHI, Dec 31 (Reuters) - Two monorail trains collided at a hydropower plant being built in India's northern state of Uttarakhand late on Tuesday and at least 109 workers were injured, a district official told Reuters.

Most of the workers sustained minor injuries, said the official. Four suffered fractures.

The trains collided inside a tunnel in Pipalkoti, the site of an upcoming hydropower project by Tehri Hydro Development Corp (THDC), owned in part by NTPC Ltd NTPC.NS.

Gaurav Kumar, the top administrative officer in the area, told Reuters by telephone that the accident occurred on Tuesday night after the brakes of one of the monorail trains failed.

The trains were being used to ferry workers and carry construction material.

Kumar said the tracks had been cleared and that work on the project would resume on Wednesday.

Hydropower accounts for about 51 gigawatts of India's installed power capacity of about 505 gigawatts, with Uttarakhand home to more than 10 operating hydropower plants with about 2.0 gigwatts capacity and several projects under construction.

(Reporting by Saurabh Sharma; Editing by Raju Gopalakrishnan)

(([email protected];))

Dec 30 (Reuters) - NTPC Ltd NTPC.NS:

• DECLARATION OF COD FOR 13.98 MW KHAVDA-I SOLAR PV PROJECT

Source text: ID:nNSE6zq68y

Further company coverage: NTPC.NS

(([email protected];;))

By Dharamraj Dhutia and Khushi Malhotra

MUMBAI, Dec 5 (Reuters) - A rate cut and easy monetary policy guidance by India's central bank lifted bonds on Friday, triggering $2.7 billion of issuance from state-run companies and lenders, bankers said.

Four state-run firms - REC RECM.NS, Housing and Urban Development Corp HUDC.NS, Power Finance Corp PWFC.NS and NTPC NTPC.NS - and two state-run lenders Indian Bank INBA.NS and Bank of India BOI.NS will raise an aggregate of 240 billion rupees (about $2.7 billion) in the next two weeks, the bankers said.

The Reserve Bank of India cut its key repo rate by 25 basis points and left the door open for further easing as it boosted banking system liquidity by $16 billion in the next two weeks.

This pushed the 10-year government bond yield down 2-3 basis points and 15-to-40 year yields down 7-8 bps, boosting appetite for long-term corporate bonds, the supply of which has been low.

"With policy clarity and a steady rate environment, many long-term investors are keen to lock in yields and diversify duration. As a result, well-rated public sector issuers are likely to see robust appetite for their upcoming bond placements," Vineet Agrawal, co-founder of Jiraaf, a bond trading platform, said.

Indian firms have raised 10.07 trillion rupees through bonds in January-November, and supply for 2025 is set to hit a record.

PFC will aim to raise 35 billion rupees through 15-year bonds, while NTPC could raise 30 billion rupees through 10-year or 15-year papers, the bankers, who declined to be named as they are not authorised to speak to media, said.

HUDCO and REC are likely to raise up to 50 billion rupees each through 10-year deep-discount bonds, they said.

Bank of India aims to raise 30 billion rupees, while Indian Bank will look to raise 50 billion rupees through Basel III-compliant tier II bonds, according to the bankers.

The firms did not reply to Reuters' emails seeking comment.

Bankers said that with the trajectory of yields seen downwards, insurance companies are expected to participate strongly in bidding for these AAA-rated papers.

"We continue to see room for an additional 25-basis-point repo rate cut," said Sachin Bajaj, executive vice president and chief investment officer at Axis Max Life Insurance.

($1 = 89.9480 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)

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By Sethuraman N R

Nov 4 (Reuters) - India's power ministry has asked the country's renewable energy implementation agencies (REIA) to explore signing power purchase agreements with clean energy developers for projects without a buyer, according to a ministry document reviewed by Reuters.

About 50 gigawatts of clean energy projects have been unable to come online due to unfinished transmission lines and legal and regulatory delays, Reuters reported in August, resulting in state power utilities delaying signing purchase agreements.

REIAs are intermediaries that act as traders, aggregating power from various generators and selling it to the buyer.

Typically, power purchase agreements are signed between an REIA and a developer based on agreements signed between the REIA and the end-buyer.

According to the document, the ministry has directed REIAs to sign agreements directly with the developer, bypassing the buyer-side agreement, or, alternatively, cancel the tenders as a last resort.

The ministry issued the directive following a high-level meeting chaired by India's Power Secretary on October 17. The meeting included officials from power generating firms NTPC NTPC.NS, NHPC NHPC.NS, SJVN SJVN.NS as well as the Solar Energy Corporation of India (SECI), all designated as REIAs.

The power ministry and the REIAs did not immediately respond to Reuters' email seeking comment.

The agencies have been asked to act by November 30.

STRANDED PROJECTS

The decisions come as India attempts to streamline its renewable energy procurement framework and address bottlenecks in project execution as part of the country's push to double its non-fossil fuel power capacity to 500 GW by 2030.

Of the 93 GW of renewable capacity tendered since fiscal year 2024, about 42 GW are without buyers, according to data shared during the meeting, the document showed.

NHPC had 15.8 GW of projects, the highest number of clean energy projects without a buyer, while NTPC had 12.4 GW worth stranded clean energy projects.

SJVN had 10 GW, and SECI had 3.9 GW, as per the document.

SECI, the largest REIA in the country, had already cancelled tenders for projects unlikely to secure buyers, according to the document.

(Reporting by Sethuraman NR; Editing by Janane Venkatraman)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

** NTPC Green NTPG.NS rises 3.7% to 107.43 rupees; set for steepest one-day pct gain in 2 months

** Co commissions additional 100 MW in Icron JV , bringing total operational capacity to 400 MW; total planned capacity is 500 MW

** IRCON Renewable, a JV between Ayana Renewable and Ircon with a 76:24 holding, will partly commence operations from September 17

** ONGC NTPC Green Private, a 50:50 JV between ONGC ONGC.NS and NTPC Green, acquired Ayana Renewable Power earlier this year

** NTPG falls 16% YTD

(Reporting by Urvi Dugar)

(([email protected]))

** Shares of NTPC NTPC.NS rise 2% to 332 rupees

** HSBC upgrades power producer's rating to "buy" from "hold", raises PT to 400 rupees from 385 rupees, implying 22.8% upside from last close

** Says co is at the forefront of power management and generation, with the latest in the repository being battery and nuclear

** Adds that more than half of the firm's 7 trillion rupees ($79.2 billion) planned capex by 2032 is under a regulated tariff mechanism, providing superior long-term earnings certainty

** Highlights that thermal execution delays are getting sorted, with two thermal plants (1.3GW) commissioned and another 1.4GW likely by end-FY26

** NTPC rated "buy" by 24 analysts on average; median target price is 433 rupees – data compiled by LSEG

** Stock down 0.3% YTD

($1 = 88.3400 Indian rupees)

(Reporting by Rudra Pratap Singh in Bengaluru)

(([email protected]))

By Sudarshan Varadhan and Sethuraman N R

SINGAPORE/NEW DELHI, Sept 4 (Reuters) - Coal prices in India will fall after revisions to taxes on the fuel that generates nearly 75% of the country's electricity, industry officials and analysts said, as a higher consumption tax is offset by the removal of a carbon levy.

That could push up domestic consumption at the expense of imports, they said, putting further pressure on already plunging global coal prices.

India's finance minister hiked consumption levies on coal to 18% from 5% on Wednesday. However, buyers no longer have to pay a flat carbon tax of 400 Indian rupees ($4.57) a metric ton, known as a cess.

"We anticipate an increase in demand for locally mined coal as the elimination of the cess makes it cheaper despite the higher consumption tax," said Ashis Kumar Pradhan, senior analyst at consultancy Wood Mackenzie.

Prices of power plant-grade fuel sold by Coal India COAL.NS, which produces three-quarters of Indian output, will now be 8.1%-19.8% cheaper for utilities and 5.6%-16.7% cheaper for other users such as smelters, according to Reuters calculations based on Coal India and Wood Mackenzie data.

The calculations tallied with estimates provided by the Coal Consumers Association of India to Reuters.

India is the world's second largest coal importer behind China, but imports are expected to fall as the price of grades typically shipped in from top supplier Indonesia will be 3.5% higher after the tax change, Pradhan said.

The lower effective taxes on coal are expected to help generators burning the fossil fuel to cut costs by 0.12 rupees per kilowatt hour, said Vikram V, analyst at Moody's ICRA unit.

That compares with ICRA's estimates of a 0.10 rupee per kWh decline in generation costs for solar power developers following a cut in tax rates on panels to 5% from 12%.

Coal India and the federal ministries for finance, power and coal did not respond to requests for comment.

The move will also benefit power producers and help revive plunging sales by state-run Coal India, which has grappled with tepid power demand and a rise in renewable power generation.

Ashok Khurana, vice chairman at India's Association of Power Producers, said the decision would help reduce generating costs.

"However its impact on consumer tariffs would depend on distribution companies," he added.

The move could result in lower tariffs if distribution companies pass on reduced procurement costs to consumers.

If the costs are not passed on, it could help improve the finances of debt-laden, state government-owned distribution companies, Khurana said.

($1 = 87.5060 Indian rupees)

(Additional reporting by Nikunj Ohri in New Delhi; Editing by Jan Harvey)

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By Sethuraman N R

NEW DELHI, Sept 3 (Reuters) - India will test the installation of battery storage systems at some coal power plants, as the country grapples with integrating massive solar capacity while maintaining reliable electricity supply, an advisor to the country's power ministry said.

The concept addresses a critical challenge facing India's power grid, where thermal plants must ramp down during peak solar hours but maintain capacity for evening demand when solar generation drops.

The Central Electricity Authority (CEA) has been working on guidelines for coal-based power plants and technical minimum load requirements as the country rapidly expands renewable energy capacity.

India is aiming to expand its non-fossil fuel capacity to 500 GW by 2030, but coal remains central to its energy security. The government plans to increase coal-based capacity by 97 GW by 2035, taking the total to around 307 GW to ensure round-the-clock power.

"At times there are only two choices. Either you shut down the coal plant (during excess solar generation) or lose the thermal capacity in the evening, which we don't want," CEA chairman Ghanshyam Prasad told Reuters on the sidelines of PowerGen India 2025 event in New Delhi.

"We are just trying this as an experiment," he said, adding that the country's top coal power generator NTPC NTPC.NS had been tasked with testing this at some plants and given funding support.

The batteries would allow the coal plants to capture excess energy and dispatch it to the grid at a later point when needed, allowing the plants to operate at a stable rate, saving costs and extending their lives, CEA's Prasad said.

Recently, NTPC floated a tender for setting up of 1.7 GW of battery storage across 11 coal plants.

(Reporting by Sethuraman NR; editing by Philippa Fletcher)

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By Sethuraman N R

NEW DELHI, Sept 2 (Reuters) - Russian state nuclear firm Rosatom and France's EDF are positioning large nuclear power plants (NPPs) as the cornerstone of their engagement with India, even as they explore small modular reactors for targeted applications.

India is seeking to expand its nuclear power generation capacity to at least 100 gigawatts by 2047, up from just over 8 gigawatts currently. In April, Reuters reported that India was relaxing rules to allow foreign entities to hold minority stakes in nuclear power projects.

Rosatom is discussing a wide range of energy solutions with Indian partners, including both large-scale NPPs and small modular reactors (SMRs).

"Given the scale and dynamics of the Indian energy system, we consider large NPPs to represent the most strategic and promising avenue for further development of our dialogue in this area," Katerina Astashina, South Asia Lead, Rosatom, told a panel discussion on Tuesday at the Powergen India event in New Delhi.

EDF, which is proposing six 1,650 MW reactors for the Jaitapur site in Maharashtra, emphasized the importance of maximizing available sites.

"When there is a shortage of suitable sites for nuclear reactors, it is always advisable to go for bigger capacity reactors, so that we make optimum use of the sites,” Kalirajan S, managing director, EDF Nuclear Projects India, said.

“SMRs will also be playing a part in captive power plants for small players who want to set up a supporting power system for data centers ... But reaching 100 gigawatts, probably the 1650 megawatt reactors will help us to move faster,” the EDF official added.

India's nuclear power generation of just over 8 gigawatts, accounts for about 3% of its total installed electricity capacity.

Meanwhile, India's top coal power plant operator NTPC NTPC.NS will look at bringing multiple technologies available across the world to ensure the cost of energy delivered is the lowest, said Prasenjit Pal, executive director, nuclear at NTPC.

NTPC is looking to build 30 GW of nuclear power capacity over the next two decades.

(Reporting by Sethuraman NR, Editing by William Maclean)

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NEW DELHI, Aug 28 (Reuters) - India's National Aluminium Company (NALCO) NALU.NS will invest a total of 300 billion rupees ($3.43 billion) in a new smelter and a coal power plant over the next five years, Chairman and Managing Director Brijendra Pratap Singh said on Thursday.

The state-run aluminium producer will budget roughly 180 billion rupees to set up the proposed smelter in the eastern state of Odisha, Singh told reporters in New Delhi.

The project will be funded by a mix of debt and internal accruals, he added.

The remaining 120 billion rupees will be used to set up a coal power plant, for which it is in talks with Coal India COAL.NS and NTPC NTPC.NS, Singh said.

($1 = 87.5060 Indian rupees)

(Reporting by Sethuraman N R, writing by Hritam Mukherjee, Editing by Anil D'Silva)

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** Shares of NTPC NTPC.NS rise 2.3% to 342.65 rupees

** CLSA says India's largest power producer is boosting capacity by 15% and fast-tracking its clean energy shift, setting a higher benchmark for growth after its annual analyst meet

** India's energy security and net-zero plans represent a decadal growth opportunity for NTPC -- CLSA

** Brokerage maintains "outperform" rating with a price target of 459 rupees, an implied upside of 37% from current levels; Says there is scope for NTPC stock to outrun PT within 12 month period

** Average rating of 24 analysts tracking NTPC is "buy"; median target price is 433 rupees, data compiled by LSEG shows

** NTPC shares up 0.5% YTD, lagging the Nifty 50's .NSEI 6% rise, exchange data shows

(Reporting by Bharath Rajeswaran in Bengaluru)

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By Dharamraj Dhutia and Khushi Malhotra

MUMBAI, Aug 6 (Reuters) - Indian state-run companies NHPC NHPC.NS and NTPC Green Energy NTPG.NS will raise around 45 billion rupees (about $512.6 million) through the sale of short-term bonds this month, three sources aware of the matter said on Tuesday.

Hydropower company NHPC is set to raise around 20 billion rupees through the sale of two-year or three-year bonds and should be the first of the two companies to come up with the issue, the sources said.

NTPC Green Energy, a subsidiary of integrated power company NTPC NTPC.NS, will make its debut in the bond market by raising 20 billion rupees to 25 billion rupees through five-year bonds, according to the sources.

"NTPC Green Energy is keen to go for shorter duration paper, but may also opt for 10-year notes if it gets sufficient interest from investors," one of the sources said.

The sources requested anonymity as the talks are private.

Both the companies did not reply to a Reuters email seeking comment.

NHPC had raised around 19.45 billion rupees in early May through separately transferable redeemable principal part bonds with six-to-15-year maturities.

"Short-end rates are lower and there is a decent spread between a three-to-five year and a 10-year paper, which is encouraging both the firms to go for such issuance," the second source said.

Market participants expect the short-term bond yields to ease further as the Reserve Bank of India's monetary policy decision, due later in the day, is expected to boost demand for bonds.

($1 = 87.7930 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)

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Updates Aug 1 story with details on power ministry data on stranded capacity, in paragraphs 9-10

By Sudarshan Varadhan

SINGAPORE, Aug 1 (Reuters) - India's stranded renewable power capacity - projects awarded but unable to come online - more than doubled over nine months, due to unfinished transmission lines, and legal and regulatory delays, letters from an industry group to the government showed.

The South Asian nation aims to more than double its non-fossil fuel power capacity to 500 gigawatts by 2030, but the acceleration has left projects without firm agreements to supply power.

Renewable projects that won tenders to generate power but are yet to sign power purchase agreements with buyers have surged to over 50 gigawatts, India's Sustainable Projects Developers Association said in a letter to the Ministry of New and Renewable Energy on June 27.

That compared with stranded projects of over 20 GW, another letter sent by the SPDA on October 4 showed. Both letters were reviewed by Reuters.

Tendered projects cumulatively worth billions of dollars awarded to companies including JSW, NTPC NTPC.NS, NTPG.NS, Adani Green ADNA.NS, ACME Solar ACMO.NS, Renew RNW.O and Sembcorp SEMB.NS are stranded, two industry officials familiar with the matter said.

"Energy transition is not just about building solar and wind capacity, it is also about ensuring that clean power reaches in a most optimum cost and timely manner," the SPDA said in its June 27 letter to the renewable energy ministry.

The stranded solar and wind capacity without buyers of over 50 GW reported by the SPDA is about a quarter the size of India's current installed renewable capacity of 184.6 GW.

The companies did not respond to Reuters requests seeking comment.

A spokesperson for India's power ministry told Reuters on Saturday renewable projects of about 44 GW had been awarded generation licences by federal agencies - which account for most tenders - but did not have supply agreements.

He did not elaborate on the scale of the increase in stranded projects, the duration of delay or companies affected.

Delays in critical transmission infrastructure - especially in sun-drenched states such as Rajasthan and Gujarat - have forced many solar plants to miss commissioning deadlines, the SPDA said in the June letter.

Interstate transmission lines connecting renewable energy projects to the grid are being fast-tracked, and compensation for landowners allowing power cables on their property has been increased to facilitate construction, the ministry spokesperson said.

India plans to connect 230 GW of renewable energy projects to the grid through interstate transmission lines, of which 20% have been completed, 70% are under construction and the remainder is being bid out, he said, without specifying a timeline for completion.

Renewable projects are also stuck due to prolonged legal disputes over land and environmental permissions, SPDA said, adding that several developers have paused operations over unresolved court cases.

(Reporting by Sudarshan Varadhan; Editing by Frances Kerry, Louise Heavens and Alison Williams)

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