NTPC RE Limited signs power purchase agreement for 325 MW solar project

New Delhi: NTPC Renewable Energy Limited, a wholly-owned subsidiary of NTPC Limited, India's largest integrated energy company has signed a power purchase agreement (PPA) and other project agreements with Indian Railways, Madhya Pradesh Power Management Company Limited (MPPMCL) and Rewa Ultra Mega Solar Limited (RUMSL) for 325 MW Solar Projects being installed in the Rewa Ultra Mega Solar Limited (RUMSL) at Shajapur Solar Park in Madhya Pradesh.

The pact has been signed in the presence of Madhya Pradesh Chief Minister Shivraj Singh Chauhan and Union Power Minister RK Singh on November 25.

NTPC RE Limited has won a capacity of 105 MW quoting Rs 2.35/kWh, and also a capacity of 220 MW quoting Rs 2.33/kWh in the Rewa Ultra Mega Solar Limited's auction held on July 19 for 450 MW of solar projects at Shajapur Solar Park in Madhya Pradesh. NTPC has won more than 6 GW of RE capacity through competitive biddings.

NTPC REL Ltd, is a 100 percent subsidiary of NTPC Limited, floated with the purpose of developing renewable energy projects.

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