NTPC Green Energy arm bags 300 MW solar project from NHPC – EQ
In Short : NTPC Green Energy Limited (NGEL), a subsidiary of NTPC, has secured a 300 MW solar project from NHPC. The project aims to bolster India’s renewable energy capacity and aligns with the nation’s green energy goals. This collaboration reflects the shared commitment of NTPC and NHPC toward achieving a sustainable and cleaner energy future.
In Detail : NTPC Green Energy Limited (NGEL) on Friday said its arm has won a 300 megawatt (MW) solar project from NHPC.
NTPC Renewable Energy Limited (NTPC REL) has emerged as a successful bidder in the e-reverse auction conducted by NHPC, NGEL said in an exchange filing.
The tender was for the selection of solar power developers to set up 1200 MW inter-state transmission system (ISTS) connected solar power projects under tariff-based competitive bidding with a green shoe option, it added.
The tender included 600 MW/1200 MWh energy storage systems (ESS).
NTPC REL has secured a capacity of 300 MW at a tariff of Rs 3.09/kWh (kilowatt hour). The project will include the establishment of an ESS with a capacity of 150 MW/ 300 MWh.
The auction was concluded on January 23, 2025, and NTPC REL is now awaiting the issuance of the Letter of Award (LOA) from NHPC Limited.
