NTPC Wins 85 MW in UPNEDA’s 550 MW Solar Tender

The company has won the tender for grid-connected solar projects in the reverse auction held on December 3, 2018 for 25 years.

NTPC, India’s largest energy conglomerate, has won 85 MW of solar capacities under Uttar Pradesh New and Renewable Energy Development Agency’s (UPNEDA’s) 550 MW solar tender.

The company has won the tender for grid-connected solar projects in the reverse auction held on December 3, 2018 for 25 years.

“NTPC has participated for 85 MW solar capacities and has won the entire capacity bid by it, at a levelised tariff of Rs 3.02/unit, applicable for 25 years,” the company said in a regulatory filing.

The company further added that, “The above 85 MW of solar projects shall be set up by NTPC and shall add to the installed capacity of NTPC.”

Besides, the President of India has re-appointed Dr. Gauri Trivedi, Ex-IAS Officer, as Independent Director (Non-Official Independent Director) on the board of NTPC for a period of one year with effect from the date of completion of her existing tenure, or until further orders, whichever is earlier.

The board has, through circular resolution, re-appointed Dr. Gauri Trivedi as Independent Director (Non-Official Independent Director) on the board of NTPC w.e.f. November 16, 2018.