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

Next Story
Infrastructure Energy

Excavations begin at Chatti-Bariatu for coal production

Chatti-Bariatu Coal Mining Project of National Thermal Power Corporation (NTPC) Limited, which had already commenced its mining operations, has achieved another milestone by touching the coal seam after excavation to a depth of around 7 m.

This excavation will pave the way to start coal production on 22 July. Chatti-Bariatu shall soon join Pakri Barwadih, Dulanga and Talaipalli in expanding its coal-producing mines of NTPC.

Partha Mazumder, Regional Executive Director of Coal Mining, was present during the occasion, along with General Manager & Head of Chatti-Bariatu, Aja..

Next Story
Infrastructure Energy

BHEL floats tender for 20 MW solar project in Gujarat

Bharat Heavy Electricals Limited (BHEL) has invited bids for the operation and maintenance (O&M) of National Thermal Power Corporation's (NTPC) 20 MW grid-connected solar power project at Gandhar, Gujarat, for three years at Rs 38.66 million.

The deadline to submit the bids is 30 May 2022 and will be opened on the same day.

Bidders must submit Rs 773,000 as an earnest money deposit. The successful bidder must pay 5% of the project cost as a security deposit.

The project work includes O&M of the solar project up to 220 kV side of 33/220 kV grid-tie transformer ..

Next Story
Infrastructure Energy

India witnesses 10 GW of solar installations in CY 2021

India installed 10 GW of solar capacity in the calendar year (CY) 2021. The installations marked a 210% year-on-year (YoY) growth, compared to 3.2 GW in CY 2020.

Large-scale solar projects accounted for 83% of renewable energy installations during the year, with a 230% YoY growth at 8.3 GW.

According to India Solar Market Leaderboard 2022, in CY 2021, ReNew Power was the largest utility-scale developer in terms of installations. It acquired 260 MW solar projects in Telangana and installed 250 MW interstate transmission system (ISTS) solar projects in Jaisalmer, Rajasthan. The..

Next Story
Infrastructure Energy

Adani Energy Acquires Essar's Transmission Assets

Adani Energy has finalised the acquisition of Essar's Mahan and Sipat transmission assets for a sum of Rs 1900 crore. This significant move underscores Adani's strategic expansion within the energy sector and consolidates its position as a key player in India's power transmission domain.

The acquisition of Essar's transmission assets represents a strategic investment for Adani Energy, enabling the company to augment its infrastructure and bolster its transmission network. With the addition of these assets, Adani strengthens its operational footprint, enhancing its capacity to deliver r..

Next Story
Infrastructure Energy

IEX Q4 Net Profit Grows 9.5%

The Indian Energy Exchange (IEX) has reported a significant uptick in its net profit for the fourth quarter, marking a notable growth of 9.5%. This financial performance underscores the resilience and strength of the company's business model in navigating through dynamic market conditions within the energy sector.

The impressive growth in net profit reflects IEX's robust operational performance and effective strategic initiatives aimed at enhancing efficiency and driving sustainable value creation. As a leading power trading platform in India, IEX plays a pivotal role in facilitating t..

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram