NTPC Renewable Energy Indications PPA to Offer Power From its 150 MW Solar Project

• NTPC Renewable Energy has become part of a PPA with GUVNL to sell power from its 150 MW solar project.

NTPC Limited has actually announced that its wholly-owned renewable energy subsidiary NTPC Renewable Energy has participated in a power purchase arrangement (PPA) with the Gujarat Urja Vikas Nigam Ltd (GUVNL) to sell power produced from its 150 MW solar project in the state.

As per the business declaration, the project will sell power at a tariff of Rs 2.20 per kWh.

" NTPC Renewable Energy Ltd, a wholly-owned subsidiary of NTPC Ltd, has signed a power purchase arrangement (PPA) with Gujarat Urja Vikas Nigam Lt (GUVNL) to sell power from its 150 MW solar project," the declaration claimed.

With this effective bid, the firm's total ability under TBCB (tariff-based competitive bidding) tenders has gotten to 1.4 GW. The firm has actually also been designated land in Rann of Kutch by the Gujarat government for creating a solar park with a capacity of 4,750 MW.

Lately, the incorporated power company had issued a tender for the development of ISTS-connected wind-solar crossbreed power project( s) as much as 600 MW anywhere in India. The hybrid power project is meant to be created by NTPC via its subsidiary NTPC Renewable Energy.

According to the tender files, the supplied projects need to be hybrid with the two resources (wind and solar), where the ranked power capability of one source (wind or solar) will go to least 33 percent of the overall offered hybrid project capacity. The offered project( s) can be connected to a solitary injection point or different shot factors on the ISTS network.

The last day for proposal entry is May 31, 2021, and also the techno-commercial proposals will be opened on the same day.

Before that, the firm had actually issued an ask for option (RFS) looking for solar designers (SPD) open to setting up grid-connected solar-PV power projects of aggregate ability of 1000 MW on the land to be determined & organized by the SPDs anywhere in India.

NTPC will buy the solar energy from these solar plant( s), the power purchase from these plant( s) shall be utilized to replace with thermal power of Solapur and also Kudgi Thermal Power plant under the plan of "Flexibility in Generation and also Scheduling of Thermal Power plant to minimize emissions."