New Delhi: (Power PSU News) NHPC Limited, India's premier hydropower company which has diversified its portfolio to include solar power business has given Letter of Award (LOA) to Solar Power Developer for interstate transmission system (ISTS) grid-connected photovoltaic projects for balance 400 MW installed capacity out of 2000 MW on July 9. Out of 2,000 MW, NHPC had already issued LOA for 1600 MW during the Month of June.
Previously, NHPC had successfully conducted the e-reverse auction for 2,000 MW ISTS grid-connected solar PV project to be set up anywhere in India. As part of the LOA, NHPC shall purchase the power generated from the proposed ISTS – connected solar PV power project at tariffs of Rs 2.55/- and 2.56/-per unit.
NHPC has successfully completed awarding of the above-mentioned work amidst nationwide unlock 2.0 period due to COVID-19 pandemic following all guidelines laid down by the Government and optimum use of available resources and manpower.
NHPC Limited, formerly known as National Hydroelectric Power Corporation Limited, was incorporated on November 7, 1975, as a Central government enterprise for the development of hydropower. It is a Miniratna PSU under the administrative control of the Ministry of Power. NHPC Limited, a premier hydropower company and a Miniratna PSU under the Ministry of Power. The company had paid an interim dividend of Rs 840.96 crore to the government for the financial year 2019-20.
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