NTPC Plans To Build 5 GW Solar Project In Gujarat

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  • NTPC opened global bidding to build 1.2 GW of grid-connected solar capacity throughout India
  • As part of the Gujarat plan, NTPC will also invite other solar developers to invest
  • Single developers can bid for any project from 50 MW to 600 MW
  • Projects can be offered at multiple locations, with minimum project sizes of 50 MW

The utility has revealed plans to invest roughly $3 billion in the construction of a 5 GW solar park across two to three locations in Gujarat’s Kutch region. In a separate announcement, NTPC opened global bidding to build 1.2 GW of grid-connected solar capacity throughout India.

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Gurdeep Singh, chairman and managing director of NTPC, informed PV Magazine that the company was looking at potentially setting up another massive solar park in Rajasthan. As part of the Gujarat plan, NTPC will also invite other solar developers to invest.

Opening up a global bid
In a separate announcement, NTPC launched a global bidding process to build 1.2 GW of grid-connected solar capacity throughout India. The plants – to be connected to the Inter-State Transmission System – will be developed on a build-own-operate basis, with plots of land to be identified and arranged by the selected solar developers.

The projects will be awarded through international competitive bidding, with the tariff ceiling set at INR 2.65/kWh. This will be followed by a reverse auction. Bidding closes on September 2.

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Single developers can bid for any project from 50 MW to 600 MW, at a single tariff quoted for the entire bid capacity. Projects can be offered at multiple locations, with minimum project sizes of 50 MW, rising in multiples of 10 MW thereafter.

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