NTPC Ltd has allocated 976 MW out of the tendered 1.2 GW solar capacity at an average price of INR 2.50 ($0.030)/kWh. SAEL Industries secured 300 MW by placing the lowest price of INR 2.50/kWh. Refex Green and Rays Power Infra won 100 MW each, at INR 2.50/kWh.
ReNew Solar was allocated 300 MW and Illuminate Hybren/Mahindra Susten 176 MW at INR 2.51/kWh each.
NTPC will sign a 25-year power purchase agreement with the winning developers.
The projects can be located anywhere in India and must connect to the interstate transmission system.
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