As per a company statement, it will sell power at a tariff of Rs 2.20 per kWh
NTPC Ltd, India’s largest energy provider, announced that its green energy subsidiary, NTPC Renewable Energy has signed a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Ltd (GUVNL) to sell power from its 150 MW solar project.
As per a company statement, it will sell power at a tariff of Rs 2.20 per kWh.
With this successful bid, the company’s total capacity under TBCB (tariff-based competitive bidding) tenders has reached 1.4 GW.
The company said that it has also been allocated land in Rann of Kutch by the Gujarat government for developing a solar park with a capacity of 4,750 MW.
NTPC Renewable Energy is currently developing energy projects of a solar capacity of 6GW in the country and had recently issued a tender for the development of ISTS-connected wind-solar hybrid power projects up to 600 MW anywhere in India.
The company is also in the process of receiving Rs 2,100 crore of long-term loans from banks for its under-construction projects.