NTPC Renewable Energy Ltd (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Ltd (NGEL), announced it has emerged as a successful bidder in the e-reverse auction conducted by NHPC Ltd. The tender aimed at the selection of solar power developers for setting up 1.2 GW of interstate transmission system (ISTS) connected solar power projects with 600 MW/1200 MWh energy storage systems (ESS) on an anywhere-in-India basis with Green Shoe option.
NTPC REL secured a capacity of 300 MW at a tariff of INR 3.09/kWh. The project will include the establishment of an ESS with a capacity of 150 MW/300 MWh.
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