NTPC wins auction for 450 MW of solar projects at Shajapur in MP

NTPC Renewables won a capacity of 105 MW & 220 MW quoting the lowest tariff of ₹2.35 per kWh, and ₹2.33 per kWh respectively.

NTPC Renewable Energy Ltd. (NTPC REL), a 100% subsidiary of NTPC, has emerged winner at the Rewa Ultra Mega Solar Limited (RUMSL) auction for a 450 MW of solar projects at the Shajapur Solar Park in Madhya Pradesh (M.P).

NTPC Renewables won a capacity of 105 MW & 220 MW quoting the lowest tariff of ₹2.35 per kWh, and ₹2.33 per kWh respectively. The tender received an overwhelming response from the bidders with a total of 15 bidders being shortlisted.

Recently, NTPC REL has been given the go-ahead by MNRE on 12th July 2021 under Mode 8 (Ultra Mega Renewable Energy Power Park) of the Solar Park Scheme.

As a part of its green energy portfolio augmentation, NTPC Ltd, India's largest energy integrated company aims to build 60 GW Renewable Energy Capacity by 2032. Currently, the state-owned power major has an installed capacity of 66 GW across 70 power projects with an additional 18 GW under construction.

(With Inputs from PIB)