NTPC Renewable Energy Signs PPA to Sell Power From its 150 MW Solar Project

NTPC Renewable Energy has entered into a PPA with GUVNL to sell power from its 150 MW solar project.

NTPC Limited has announced that its wholly-owned renewable energy subsidiary NTPC Renewable Energy has entered into a power purchase agreement (PPA) with the Gujarat Urja Vikas Nigam Ltd (GUVNL) to sell power generated from its 150 MW solar project in the state. 

As per the company statement, the project will sell power at a tariff of Rs 2.20 per kWh.

“NTPC Renewable Energy Ltd, a wholly-owned subsidiary of NTPC Ltd, has signed a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Lt (GUVNL) to sell power from its 150 MW solar project,” the statement said.

With this successful bid, the company’s total capacity under TBCB (tariff-based competitive bidding) tenders has reached 1.4 GW. The company has also been allocated land in Rann of Kutch by the Gujarat government for developing a solar park with a capacity of 4,750 MW.

Recently, the integrated power company had issued a tender for the development of ISTS-connected wind-solar hybrid power project(s) up to 600 MW anywhere in India. The hybrid power project is intended to be developed by NTPC through its subsidiary NTPC Renewable Energy. 

As per the tender documents, the offered projects should be hybrid with the two sources (wind and solar), where the rated power capacity of one resource (wind or solar) shall be at least 33 percent of the total offered hybrid project capacity. The offered project(s) can be connected to a single injection point or separate injection points on the ISTS network. 

The last date for bid submission is May 31, 2021, and the techno-commercial bids will be opened on the same date.

Prior to that, the firm had issued a request for selection (RFS) seeking solar developers (SPD) open to setting up grid-connected solar-PV power projects of aggregate capacity of 1000 MW on the land to be identified & arranged by the SPDs anywhere in India.

NTPC will purchase the solar power from these solar plant(s), the power purchase from these plant(s) shall be utilized to replace with thermal power of Solapur and Kudgi Thermal Power stations under the scheme of “Flexibility in Generation and Scheduling of Thermal Power Stations to reduce emissions.”