NTPC Renewable Energy Limited (NTPC REL) has emerged victorious yet again in the renewable energy landscape, securing a momentous Letter of Award for a 550 MW Solar Project. The project was awarded at a tariff of ₹2.56/kWh under RECPDCL’s 1250 MW ISTS-Connected solar tender, which was published in December 2022. This significant milestone comes as part of the Government of India’s (GoI) groundbreaking Aug’2022 scheme, which enables flexibility in generation and scheduling of Thermal Power stations through bundling with renewable energy capacity.
The highly anticipated 550 MW Solar Project is set to be executed within a rapid 18-month timeframe and demands a substantial capital investment of ₹2,800 Cr. This ambitious project marks yet another remarkable stride for NTPC REL in the renewable energy sector.
With the successful acquisition of this 550 MW capacity, NTPC REL finds itself at the helm of a colossal challenge – the execution of over 2 GW of renewable energy capacity to fulfil the capacity won in the highly competitive TBCB (Tariff-Based Competitive Bidding) mode in the first quarter of 2023 alone. This showcases the company’s unwavering commitment to sustainability and renewable energy adoption.
The latest success not only bolsters NTPC REL’s impressive portfolio but also propels India’s renewable energy journey to new heights. By championing these pioneering initiatives, NTPC Group reaffirms its commitment to the nation’s goal of attaining a sustainable and greener future.
