+
NTPC REL wins bid for 325 MW solar projects in Madhya Pradesh
POWER & RENEWABLE ENERGY

NTPC REL wins bid for 325 MW solar projects in Madhya Pradesh

On Wednesday, NTPC Renewable Energy Limited (NTPC REL) told the media that it has obtained a Letter of Award (LoA) for installing 325 MW solar energy plants at Shajapur Solar Park in Madhya Pradesh.

NTPC REL has obtained a 105 MW capacity of Rs 2.35 per unit and a 220 MW capacity of Rs 2.33 per unit in the Rewa Ultra Mega Solar’s auction for 450 MW of solar plants at Shajapur Solar Park in Madhya Pradesh.

With this, NTPC has gained 4.4-gigawatt capacity via tariff-based competitive bidding.

Shri Shivraj Singh Chauhan granted the letter of award on Wednesday to Shajapur, Agar and Neemuch Solar Park with a 1500 MW capacity at Bhopal. State discoms and Railways will acquire power from these plants.

NTPC intends to reach 60 GW of renewable energy capacity by 2032 from the present 4GW and fund Rs 1 trillion between 2019 and 2024 to become a 130 GW power generator by 2032.

NTPC Group recorded a $1.85 billion net profit in FY21. It has also declared its objective of a 10% decrease in net energy intensity as part of its energy compact aims. The public sector unit has an established capacity of about 67 GW across 70 power plants and 18 GW under construction.

The state-owned power major green energy drive is part of the government’s playbook, with India’s solar and wind production reported at an all-time high of 43.1 GW on 27 July.

India has crossed the 100 GW milestone of established renewable energy capacity.

Image Source


Also read: India's solar capacity rose to 251% with 4,578 MW installations in 1H

On Wednesday, NTPC Renewable Energy Limited (NTPC REL) told the media that it has obtained a Letter of Award (LoA) for installing 325 MW solar energy plants at Shajapur Solar Park in Madhya Pradesh. NTPC REL has obtained a 105 MW capacity of Rs 2.35 per unit and a 220 MW capacity of Rs 2.33 per unit in the Rewa Ultra Mega Solar’s auction for 450 MW of solar plants at Shajapur Solar Park in Madhya Pradesh. With this, NTPC has gained 4.4-gigawatt capacity via tariff-based competitive bidding. Shri Shivraj Singh Chauhan granted the letter of award on Wednesday to Shajapur, Agar and Neemuch Solar Park with a 1500 MW capacity at Bhopal. State discoms and Railways will acquire power from these plants. NTPC intends to reach 60 GW of renewable energy capacity by 2032 from the present 4GW and fund Rs 1 trillion between 2019 and 2024 to become a 130 GW power generator by 2032. NTPC Group recorded a $1.85 billion net profit in FY21. It has also declared its objective of a 10% decrease in net energy intensity as part of its energy compact aims. The public sector unit has an established capacity of about 67 GW across 70 power plants and 18 GW under construction. The state-owned power major green energy drive is part of the government’s playbook, with India’s solar and wind production reported at an all-time high of 43.1 GW on 27 July. India has crossed the 100 GW milestone of established renewable energy capacity. Image Source Also read: India's solar capacity rose to 251% with 4,578 MW installations in 1H

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?