0
0
In Short : NTPC Renewable Energy Limited (NTPC REL) has successfully secured a bid for a 900-megawatt (MW) solar project in Power Finance Corporation Ltd’s (PFCCL) 1250 MW solar tender. This development underscores NTPC REL’s commitment to expanding its renewable energy portfolio and contributing to India’s solar energy capacity.
In Detail : New Delhi : NTPC Renewable Energy Limited has secured the bid for 900 MW capacity in the Solar tender floated by PFCCL on behalf of NTPC Limited for the selection of 1250 MW ISTS-Connected Solar PV Power Projects in India under the Flexibility Scheme.
The reverse auction for the tender was conducted on December 21 by PFCCL. The discovered tariff is Rs 2.53/kWh and the energy generated shall be procured by NTPC Ltd. This is envisioned to replace thermal power through existing PPAs of NTPC Ltd. with various DISCOMs.
Presently, NTPC Group has 3.36 GW RE operational capacity with nearly 20 GW in pipeline. NTPC is committed to achieve 60 GW of Renewable Energy capacity by 2032.
