NTPC bags 325 MW solar power project in Madhya Pradesh
POWER & RENEWABLE ENERGY

NTPC bags 325 MW solar power project in Madhya Pradesh

National Thermal Power Corporation Pvt Ltd (NTPC) has been awarded a 325 MW solar capacity out of the total 450 MW Madhya Pradesh solar tender issued by Rewa Ultra Mega Solar Limited (RUMSL).

NTPC Renewable Energy Limited (NTPC REL) acquired 105 MW and 220 MW solar capacity at Rs 2.35 per kWh and Rs 2.33 per kWh, respectively. The solar power capacity is to deploy solar power plants within the Shajapur Solar Park in Madhya Pradesh.

According to the sources, SolarArise, funded by Kotak Mahindra, European Investment Bank and ThomasLloyd, won the remaining 125 MW solar capacity at Rs 2.34 per kWh.

About 25% of solar power generated from this project will be supplied to the Indian Railways in seven states. The principal secretary of the MP government, Manu Srivastava, said that rather than focusing on discoms to buy renewables unwillingly, the state should facilitate institutional consumers to obtain inexpensive solar power.

Earlier this month, the state-run company also got approval from the Ministry of New and Renewable Energy (MNRE) for setting up a solar capacity project of 4,750 MW in Gujarat.

NTPC plans to install a capacity of 60 GW renewables by 2023 from its current 14 GW capacity. Currently, it has 66 GW of installed capacity and 18 GW additional capacity under construction.

Image Source


Also read: Vikram Solar to invest Rs 5,000 cr to double capacity to 5,000 MW

Also read: SECI floats tender for 1,200 MW ISTS solar projects in Karnataka

National Thermal Power Corporation Pvt Ltd (NTPC) has been awarded a 325 MW solar capacity out of the total 450 MW Madhya Pradesh solar tender issued by Rewa Ultra Mega Solar Limited (RUMSL). NTPC Renewable Energy Limited (NTPC REL) acquired 105 MW and 220 MW solar capacity at Rs 2.35 per kWh and Rs 2.33 per kWh, respectively. The solar power capacity is to deploy solar power plants within the Shajapur Solar Park in Madhya Pradesh. According to the sources, SolarArise, funded by Kotak Mahindra, European Investment Bank and ThomasLloyd, won the remaining 125 MW solar capacity at Rs 2.34 per kWh. About 25% of solar power generated from this project will be supplied to the Indian Railways in seven states. The principal secretary of the MP government, Manu Srivastava, said that rather than focusing on discoms to buy renewables unwillingly, the state should facilitate institutional consumers to obtain inexpensive solar power. Earlier this month, the state-run company also got approval from the Ministry of New and Renewable Energy (MNRE) for setting up a solar capacity project of 4,750 MW in Gujarat. NTPC plans to install a capacity of 60 GW renewables by 2023 from its current 14 GW capacity. Currently, it has 66 GW of installed capacity and 18 GW additional capacity under construction. Image Source Also read: Vikram Solar to invest Rs 5,000 cr to double capacity to 5,000 MW Also read: SECI floats tender for 1,200 MW ISTS solar projects in Karnataka

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Hexalog Appoints Vishal Shukla as Chief Transformation Officer

Hexalog, a cross-border supply chain and logistics company, has appointed Vishal Shukla as Chief Transformation Officer (CTO) to lead its operational transformation, technology adoption and expansion into new international markets.In his new role, Shukla will oversee the company's transformation strategy across operations, technology, product development and business expansion. His responsibilities include standardising processes, developing scalable operating models, strengthening existing trade corridors and introducing new fulfilment solutions for cross-border businesses.Shukla brings nearl..

Next Story
Real Estate

Dhuleva Group Awards 80-Storey Tower Contract to Eversendai

Dhuleva Group has awarded the core and shell structural construction contract for Dhuleva One50, an upcoming 80-storey ultra-luxury residential tower in South Mumbai, to Malaysia-based engineering and construction company Eversendai.Located near the Babulnath district, the development is planned as a high-rise residential landmark offering panoramic views of the Arabian Sea and Mumbai's skyline. The project will combine contemporary architecture with advanced engineering and premium residential facilities.Eversendai will undertake the structural construction works, drawing on its experience in..

Next Story
Building Material

Nuvoco Marks 10 Years, Targets 35 MMTPA Capacity by FY28

Nuvoco Vistas Corporation Limited is celebrating a decade of operations under the theme ‘Dus Saal Bemisaal’, highlighting its expansion in India's building materials sector. The company has grown from a single cement manufacturing facility into a diversified organisation operating across cement, ready-mix concrete (RMC) and modern building materials.The company's journey began in 2014 when its parent, Nirma Group, commissioned a 2 million metric tonnes per annum (MMTPA) greenfield cement plant at Nimbol, Rajasthan. A major milestone followed in October 2016 with the acquisition of Lafarge ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code