NTPC bags IREDA’s 1.9 GW solar power project contract under

28 Sep 2021 CW Team

Energy major NTPC Limited has secured a 1.9 GW solar power project contract in the tenders invited by Indian Renewable Energy Development Agency Limited (IREDA).

NTPC Limited told the media that it had bagged 1.9 GW in the e-auction of CPSU Scheme-II, tranche-III of 5 GW tender. This capacity will allow saving CO2, a greenhouse gas of more than 3 million tons every year.

It assumes importance given that the state-run NTPC Limited recently offered a record low solar tariff of Rs 1.99 per unit, setting a new benchmark in the sector. State-run hydropower producer SJVN Limited has also acquired a 1 GW solar power project contract in the tenders floated by IREDA by quoting Rs 2.45 per unit tariff.

NTPC was the single largest capacity winner, and together with this capacity of 1.9 GW, NTPC now has more than 6.3 GW capacity obtained through competitive biddings. It shall pave the way for NTPC's aim of 60 GW RE capacity by 2032.

It comes in the backdrop of India’s aim to leverage state-run power sector companies to expand its clean energy plans, with the central PSUs to be given in principle permission to bid for a predetermined capacity of renewable energy projects based on their balance sheet.

Additionally, the statement said that the CPSU scheme would boost Atmanirbhar Bharat as projects have to use domestic content necessarily.

NTPC is planning to list its clean energy units NTPC Renewable Energy Limited (NTPC REL) and NTPC Vidyut Vyapar Nigam Limited (NVVN). The firm has set an ambitious goal of 60 GW renewable energy capacity by 2032 from the existing 4.7 GW. It aims to invest Rs 1 trillion between 2019 and 2024 to become a 130 GW power generator by 2032.

NTPC Group recorded a net profit of $1.85 billion in FY21. It has set a target of a 10% decline in net energy intensity. The state-run firm has an established capacity of around 67 GW across 70 power projects, with 18 GW under construction.

Image Source

Also read: ISRPL invites bids for over 2.9 MW rooftop solar systems in Panipat

Also read: Tata Power subsidiary gets LoI for 250 MW solar plant in Maharashtra

Energy major NTPC Limited has secured a 1.9 GW solar power project contract in the tenders invited by Indian Renewable Energy Development Agency Limited (IREDA). NTPC Limited told the media that it had bagged 1.9 GW in the e-auction of CPSU Scheme-II, tranche-III of 5 GW tender. This capacity will allow saving CO2, a greenhouse gas of more than 3 million tons every year. It assumes importance given that the state-run NTPC Limited recently offered a record low solar tariff of Rs 1.99 per unit, setting a new benchmark in the sector. State-run hydropower producer SJVN Limited has also acquired a 1 GW solar power project contract in the tenders floated by IREDA by quoting Rs 2.45 per unit tariff. NTPC was the single largest capacity winner, and together with this capacity of 1.9 GW, NTPC now has more than 6.3 GW capacity obtained through competitive biddings. It shall pave the way for NTPC's aim of 60 GW RE capacity by 2032. It comes in the backdrop of India’s aim to leverage state-run power sector companies to expand its clean energy plans, with the central PSUs to be given in principle permission to bid for a predetermined capacity of renewable energy projects based on their balance sheet. Additionally, the statement said that the CPSU scheme would boost Atmanirbhar Bharat as projects have to use domestic content necessarily. NTPC is planning to list its clean energy units NTPC Renewable Energy Limited (NTPC REL) and NTPC Vidyut Vyapar Nigam Limited (NVVN). The firm has set an ambitious goal of 60 GW renewable energy capacity by 2032 from the existing 4.7 GW. It aims to invest Rs 1 trillion between 2019 and 2024 to become a 130 GW power generator by 2032. NTPC Group recorded a net profit of $1.85 billion in FY21. It has set a target of a 10% decline in net energy intensity. The state-run firm has an established capacity of around 67 GW across 70 power projects, with 18 GW under construction. Image Source Also read: ISRPL invites bids for over 2.9 MW rooftop solar systems in Panipat Also read: Tata Power subsidiary gets LoI for 250 MW solar plant in Maharashtra

Infrastructure Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Infrastructure Energy

14 Oct 2025

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

Infrastructure Energy

14 Oct 2025

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..