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NTPC Renewable Energy Enters PPA with GUVNL

NTPC Renewable Energy has entered into a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam (GUVNL) to sell electricity from its 150 MW solar project.

 

The project will sell power at a tariff of Rs 2.20 per kWh. NTPC Renewable Energy is a wholly-owned subsidiary of NTPC.

 

With this successful bid, the company’s total capacity under tariff-based competitive bidding (TBCB) tenders has reached 1.4 GW.

 

The company has also been allocated land in Rann of Kutch by the Gujarat government for developing a solar park with a capacity of 4,750 MW.

 

The subsidiary is currently building six GW solar capacity in the country. The company is also in the process of receiving Rs 2,100 crore of long-term loans from banks for its under-construction projects.

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