NTPC inks energy buy pact with Gujarat for 150 MW solar energy


NTPC Renewable is at the moment constructing 6,000 MW photo voltaic capability throughout the nation, together with the 1,400 MW awarded to it below numerous aggressive biddings the place it was the bottom bidder.

Electrical energy generator NTPC mentioned on Thursday that its newly shaped subsidiary NTPC Renewable Power has signed an influence buy settlement with state-run energy utility Gujarat Urja Vikas Nigam (GUVNL) to promote energy from its upcoming 150 mega-watt (MW) photo voltaic mission within the state at Rs 2.20/unit.

NTPC Renewable Power was created in October, 2020 to give attention to the ability behemoth’s inexperienced vitality enterprise as NTPC plans to extend the share of renewable vitality in its technology portfolio.

NTPC Renewable is at the moment constructing 6,000 MW photo voltaic capability throughout the nation, together with the 1,400 MW awarded to it below numerous aggressive biddings the place it was the bottom bidder. The corporate has additionally been allotted land in Kutch by the Gujarat authorities for growing a photo voltaic park with a capability of 4,750 MW. Additionally it is within the means of receiving Rs 2,100 crore of long-term loans from banks for its under-construction initiatives.

At the moment, the whole put in capability of NTPC stands at 65,810 MW, comprising 1,318 MW of photo voltaic and wind energy-based vegetation. With rising environmental issues and falling tariffs of renewable vitality, the biggest thermal energy producer within the nation has determined to diversify its technology portfolio. By 2032, it plans to have a complete energy manufacturing capability of 1,30,000 MW and 30% of this could be non-thermal vitality based mostly.

In one other 12 years, NTPC desires to have a base of 32,000 MW renewables, 5,000 MW hydro and one other 2,000 MW of nuclear energy vegetation.

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