NTPC gets 500 MW solar project management contract from Mali

• After a 285 MW award from Togo, this is the 2nd such overseas contract for the state-owned power manufacturer which aims to anchor 10 GW of solar parks in ISA participant countries over two years.

State-owned NTPC has actually landed a project management working as a consultant contract from the Republic of Mali to develop a 500 MW Solar Park in the country.

Ambassador of Mali, Sekou Kasse, turned over the contract award letter to NTPC CMD Gurdeep Singh in the presence of India's power priest and President of International Solar Alliance (ISA), R.K. Singh.

Previously, in January, the Republic of Togo, a West African nation, became the initial ISA member to make use of the solutions of NTPC. It engaged the power producer to give project management working as a consultant support for the advancement of a 285 MW Solar Park in Togo.

Especially, NTPC plans to anchor 10 GW of solar parks in ISA participant countries over two years.

Solar parks are being showcased as an ideal practice from India which started these as a novel principle and has commissioned several projects, thus bringing down the cost of solar energy significantly, generating investment, developing work and benefitting the setting at the same time.

The Republic of Mali has actually been taking different campaigns in the direction of the country's energy protection, especially to enhance accessibility to power for its residents, with a concentrate on solar energy and also applications. The advancement of solar projects in Mali will certainly make a significant effect on the socio-economic development of Mali.

As a project monitoring consultant, NTPC will certainly carry out various activities to pick solar project designers on an affordable basis for establishing projects on possession basis and also becoming part of power acquisition agreements with government-designated entities.

The project monitoring working as a consultant charges of NTPC will be recouped from the selected solar project designers. Based on the feasibility, NTPC may also establish solar projects by placing its very own equity in nations where the feed-in tariff is in force.