State-owned power producers THDC India, NTPC, NHPC, and SJVN have committed investments to build 10 GW of renewable energy capacity each. Among private firms, Reliance plans 20 GW and Axis Energy Group 28 GW of solar projects and 4 GW solar module manufacturing facility.
The power produced by NTPC (40 MW) and Sukhbir Agro Energy (32 MW) will be purchased by Uttar Pradesh Power Corporation Limited at tariffs of Rs 3.02/KWh and Rs 3.05/KWh, respectively, for a period of 25 years.
The lowest solar tariff, of Rs3.17 per unit, was quoted by the NTPC utility and Maheshwari Mining and Energy, for 140 MW and 20 MW of grid connected PV capacity, respectively.
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