NTPC gets investor approval for first wind power project worth Rs 323 crore

State-run power generator NTPC Ltd recently announced it has received investment approval for its first wind power project in Gujarat. India’s largest power utility is planning to set up a 50 Megawatt (MW) wind project which will cost the company an estimated Rs 323.35 crore, according to a company statement. The wind power project is a part of NTPC’s aim to become a “low cost low emission utility”. “NTPC’s Power Management Institute and research arm NETRA will play a crucial role in achieving our goals. NTPC has to ensure minimum impact on the environment from its power stations,” NTPC Chairman Gurdeep Singh said. The company recently announced its Telengana Thermal Power Project will be the most modern complying with the latest environment norms.

The country’s largest coal based power generator has established itself in the renewable sector in the India with 360 MW of commissioned solar capacity set up all across the country. The company also has 1,519 MW of operational hydro power capacity, which adds to the company’s green energy capacity. NTPC aims to set up 1000 MW of capacity from renewable sources by 2017. The Maharatna PSU plans to meet its target by setting up a further 360 MW from solar power. NTPC’s projects include a 50 MW Solar PV at Anantpur in Andhra Pradesh, 260 MW Solar PV plant at Bhadla in Rajasthan and 250 MW Solar PV at Mandsar in Madhya Pradesh apart from 8 MW small hydro projects currently under implementation.

Source:ETE