NTPC Plan To Acquire 1 GW Solar Projects By Investing Rs 5000 Cr


0
390
Advertisement
  • NTPC plans to be a 130 GW-company 2031 with diversified fuel mix
  • The company is also planning to enlist vendors for bulk procurement of solar modules
  • Reportedly, the RE portfolio of NTPC has ongoing capacity addition projects with around 2,298 MW projects under construction

According to a report, state-run power plant NTPC has issued a tender to take over 1 GW of operational solar projects, which entails an investment of around Rs 5000 crore. In this request for Proposal, NTPC has invited bids from the promoter or lenders, authorised finial intermediaries of power generation companies, independent power producers (IPPs), or developers for offering solar-based assets located in India. The tender is expected to be finalised by October this year.

The document also stated that in line with its long-term corporate plan, NTPC is taking various steps to make its energy portfolio greener beading significant capacities of renewable energy (RE) sources constituting nearly 25 percent of its overall power generation capacity.

Adding to this, the RE portfolio of NTPC has ongoing capacity addition projects with around 2,298 MW projects under construction. The company is also contemplating to increase its renewable generation capacity through the acquisition of operation solar-based power assets located in India for a minimum capacity of 1GW.

The company can increase its power generation capacity instantly by going for inorganic growth or acquiring existing operational projects. Setting up a solar project takes upto two years as per industry standards.

Advertisement

The company has a capital expenditure plan of Rs 21,000 crore for the current fiscal year, and most of it would be spent on adding new power generation capacities, it said. For acquiring about 1 GW of operational solar power capacity, the company would have to shell out around Rs 5000 crore.

Advertisement

SHARE YOUR THOUGHTS & COMMENTS

Please enter your comment!
Please enter your name here

Are you human? *