NTPC Renewable Energy Limited secures 1000 MW solar project from UP Power Corporation Ltd
NTPC REL secured a capacity of 1000 MW at an impressive tariff of Rs. 2.56/kWh. The Letter of Award (LOA) from UPPCL is awaited.
NTPC Renewable Energy Limited secures 1000 MW solar project from UP Power Corporation Ltd
NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited (NGEL), has emerged as a successful bidder in the e-reverse auction conducted by Uttar Pradesh Power Corporation Limited (UPPCL).
The tender, aimed at the "Selection of Solar Power Developers for Setting up 2000 MW ISTS-connected Solar PV Power Projects in India under Tariff-Based Competitive Bidding," was conducted on 3rd January 2025. NTPC REL secured a capacity of 1000 MW at an impressive tariff of Rs. 2.56/kWh. The Letter of Award (LOA) from UPPCL is awaited.
The company recently announced the commencement of commercial operations for the first part of its 200-megawatt (MW) solar project in Gujarat.
Shares of NTPC Green Energy Ltd. closed 0.12% higher on Friday at Rs 128.10.
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