NTPC REL Secures Bid for 900 MW Solar Project in PFCCL’s 1250 MW Solar Tender

Psu Connect Date: 22-12-23

Mumbai, India - NTPC Renewable Energy Limited has secured the bid for 900 MW capacity in the Solar tender floated by PFCCL on behalf of NTPC Ltd. for selection of 1250 MW ISTS-Connected Solar PV Power Projects in India under Flexibility Scheme.

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The reverse auction for the tender was conducted on 21st December 2023 by PFCCL. The discovered tariff is ?2.53/kWh and the energy generated shall be procured by NTPC Ltd. This is envisioned to replace thermal power through existing PPAs of NTPC Ltd. with various DISCOMs.

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Presently, NTPC Group has 3.36 GW RE operational capacity with nearly 20 GW in pipeline. NTPC is committed to achieve 60 GW of Renewable Energy capacity by 2032.

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