Devikot Solar project was won through VGF based competitive bidding in 2019: NTPC

"The 90MW Devikot-II Solar PV project has been developed by the said company under the CPSU Scheme Phase-II Tranche-I of Ministry of New & Renewable Energy (MNRE). The project was won by NTPC though Viability Gap Funding (VGF) based competitive bidding, conducted by SECI in 2019. It was developed with the help of M/s HILD Energy under EPC with land mode. The land required was arranged by EPC vendor," said NTPC.

"As per the conditions of the CPSU Scheme, the project employs domestic (Indian) PV modules and cells (as per the Domestic Content Requirement (DCR) clause of Scheme) and receives VGF from MNRE," the company added.

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