NTPC emerges winner for 450 Mw solar capacity at Rewa

NTPC on Tuesday said its renewable arm has emerged winner at the Rewa Ultra Mega Solar Limited auction for 450 Mw solar projects at the Shajapur Solar Park in Madhya Pradesh.

NTPC Renewable Energy has won a capacity of 105 Mw and 220 MW, quoting the lowest tariff of Rs 2.35 per kWh, and Rs 2.33 per kWh respectively, an official statement said. The tender received overwhelming response from the bidders with a total of 15 bidders being shortlisted.

As a part of its green energy portfolio augmentation, NTPC aims to build 60 Gw renewable energy capacity by 2032. Currently, the state-owned power major has an installed capacity of 66 Gw across 70 power projects with an additional 18 Gw under construction.