NTPC Renewable Energy Signs PPA for 325 MW Solar Projects, Energy News, ET EnergyWorld
New Delhi: State-owned power giant NTPC said on Friday that its NTPC Renewable Energy arm has signed a power purchase agreement and other project agreements with Indian Railways, Madhya Pradesh Power Management Company and Rewa Ultra Mega Solar.
“NTPC Renewable Energy Ltd, a wholly owned subsidiary of NTPC Ltd, India’s largest integrated energy company, has signed a PPA (Power Purchase Agreement) and other project agreements with Indian Railways, Madhya Pradesh Power Management Company Limited (MPPMCL) and Rewa Ultra Mega Solar Limited (RUMSL) for 325 MW solar projects being installed in Rewa Ultra Mega Solar Ltd (RUMSL) at Shajapur Solar Park in Madhya Pradesh â , said an NTPC statement.
The pact was signed in the presence of Madhya Pradesh Chief Minister Shivraj Singh Chauhan and Union Power and New and Renewable Energy Minister RK Singh on November 25, 2021, the statement said.
NTPC Renewable Energy Ltd won a capacity of 105 MW listed Rs 2.35 / kWh, as well as a capacity of 220 MW listed Rs 2.33 / kWh at the Rewa Ultra Mega Solar Ltd auction held on 19 July 2021 for 450 MW of solar projects at Shajapur Solar Park in Madhya Pradesh.
NTPC has won more than six GW of renewable energy capacity through competitive bidding. NTPC REL Ltd was started with the aim of developing renewable energy projects, he said.