State-run power producer NTPC has announced its arm NTPC Renewable Energy Ltd has emerged winner of an aggregate 325 MW solar capacity in the Indian State of Madhya Pradesh. It secured the capacity in a Rewa Ultra Mega Solar Limited (RUMSL) auction for 450 MW of solar projects at the Shajapur Solar Park.
The Shajapur Solar Park comprises three units of 220 MW, 125 MW, and 105 MW.
NTPC Renewables won capacities of 220 MW and 105 MW, quoting the lowest tariff of INR 2.33/kWh and INR 2.35/kWh, respectively. The tender received an overwhelming response from the bidders and was reportedly oversubscribed by 5.8 GW. A total of 15 bidders were shortlisted.
Recently, NTPC REL received the go-ahead from the Ministry of New and Renewable Energy under Mode 8 (Ultra Mega Renewable Energy Power Park) of the Solar Park Scheme.
Currently, NTPC, India’s largest energy integrated company, has an installed capacity of 66 GW comprising gas, coal, hydro, and renewable energy based power stations across the country with an additional 18 GW under construction. As a part of its green energy portfolio augmentation, it aims to build 60 GW renewable energy capacity by 2032.
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