NTPC Green’s arm signs Power Purchase Agreement with UPPCL
Shares of NTPC Green Energy Ltd are trading higher by 1.52% at Rs 109.55 as the company’s wholly-owned subsidiary NTPC Renewable Energy Ltd has secured an order from UPPCL’s Solar PV Power Project Auction along with the signing of Power Purchase Agreement.
As per the exchange filing dated January 4, 2025 regarding press release titled “NTPC Renewable Energy Limited Wins 1000 MW in UPPCL’s Solar PV Power Project Auction”, we wish to inform that NTPC Renewable Energy Limited (a wholly owned subsidiary of NTPC Limited), has i.e., June 4, 2025, signed the Power Purchase Agreement (PPA) for the said capacity at a discovered tariff of Rs 2.56 per kWh.
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Earlier, on January 4, 2025, NTPC Green Energy has informed that its subsidiary NTPC Renewable Energy emerged as a successful bidder in the e-reverse auction conducted by UPPCL.
The tender aims for the "Selection of Solar Power Developers for Setting up 2000 MW ISTS-connected Solar PV Power Projects in India under Tariff-Based Competitive Bidding," conducted on January 3, 2025.
In line with that, NTPC REL secured a capacity of 1000 MW at an impressive tariff of Rs 2.56/kWh.
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