"New Delhi: NTPC Renewable Energy Limited (NTPC REL) received the Letter of Award for 550 MW Solar Project at a tariff of Rs 2.56/kWh, won in RECPDCL's 1250 MW ISTS-connected solar tender published in December 2022. This power will be utilized under the Government’s August 2022 scheme for flexibility in generation and scheduling of Thermal Power stations through bundling with RE capacity. The project is to be executed within a period of 18 months and will require capital investment of Rs 2,800 crore.
With allotment of this 550 MW capacity, NTPC REL will have to execute more than 2 GW RE capacity to fulfill the capacity won in TBCB mode in Q1-2023 alone.
As on date, NTPC group has 3.3 GW RE operational capacity, 6 GW is under different stages of implementation, another 12 GW under tendering including 4 GW Energy Storage System and a major hydrogen-based energy storage cum microgid system.
NTPC is committed to achieve 60 GW of Renewable Energy Capacity by year 2032 and be a major player in Green hydrogen technology and Energy storage domain.
Disclaimer: This story is a press release and is being published without any editing, except the headline, by the PSU Watch desk.