NTPC declares 74.88 MW capacity of 296 MW Fatehgarh solar project operational

Synopsis: NTPC Limited has declared the second part capacity of 74.88 MW of the 296 MW Fatehgarh solar PV project in Rajasthan commercially operational
NTPC could kickstart asset monetisation this quarter itself, say sources
NTPC could kickstart asset monetisation this quarter itself, say sources
  • The first part capacity of 49.92 MW of the 296 MW Fatehgarh solar PV project was declared commercially operational by NTPC last month on January 1
  • With the commissioning of the second part capacity, another 124.8 MW capacity remains to be commissioned

New Delhi: NTPC Limited has declared the second part capacity of 74.88 MW of the 296 MW Fatehgarh solar PV project in Rajasthan commercially operational on Friday. In a regulatory filing to the stock exchanges, NTPC said, "Consequent upon successful commissioning, second part capacity of 74.88 MW out of 296 MW Fatehgarh Solar PV Project at Jaisalmer, Rajasthan, is declared on Commercial Operation w.e.f. 00:00 Hrs. of 05.02.2022."

The first part capacity of 49.92 MW of the 296 MW Fatehgarh solar PV project was declared commercially operational by NTPC last month on January 1.

NTPC plans to put in place 60 GW of Renewable Energy (RE) projects, including wind and solar projects, by 2032. Earlier in 2021, the Maharatna PSU had doubled its RE installation target from 32 GW to 60 GW by 2032. NTPC currently has an RE portfolio of 1,350 MW and it plans to add another 13,000 MW of RE by FY24. The pivot towards green energy is part of India's largest thermal power utility's diversification plan as renewable energy tariffs decline and the government has announced its intention to not commission any new thermal power plants (TPP). 

With the commissioning of the second part capacity at the 296 MW Fatehgarh solar PV project, commercial capacity of NTPC and NTPC group has become 54,377.30 MW and 67,832.30 MW, respectively, said NTPC. And at the 296 MW solar project Rajasthan, this leaves another 124.8 MW capacity that remains to be commissioned.

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