Saturday, June 25, 2022

NTPC gets PMC contract to develop 500 MW solar park in Republic of Mali

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New Delhi: Maharatna power PSU, NTPC Limited on Wednesday announced that it has been awarded a Project Management Consultancy (PMC) contract for the development of 500 MW solar park in the Republic of Mali. In an event held on June 24, Ambassador of Mali HE Sekou Kasse handed over the consultancy award letter to NTPC Limited's Chairman & Managing Director (CMD) Gurdeep Singh for the development solar park. The event was chaired by the Union Minister of State for Power, New & Renewable Energy, Skill Development and President of International Solar Alliance (ISA) RK Singh.

The event has been hosted by ISA in the Ministry of Renewable Energy, New Delhi, and graced by the dignitaries, Director-General ISA – HE Upendra Tripathy, Secretary (Power) Sanjeev Nandan Sahai and Secretary (MNRE) Indu Shekhar Chaturvedi and Secretary (Economic Relations) Rahul Chhabra are among others.
The Republic of Mali has been taking various initiatives towards energy security of the country, especially to increase access to electricity for its citizens, with a focus on solar power and applications. Development of Solar Projects in Mali will make a considerable impact in the socio-economic growth of Mali.

International Solar Alliance (ISA)

ISA is an international, inter-governmental organisation, based in India, created with the vision and leadership of Prime Minister Narendra Modi and announced jointly with President of France during COP-21 held in Paris in 2015. ISA’s vision is for a large-scale solar revolution, hinges on creating a facilitative international ecosystem that enables access to science and economic resources, reduces the cost of technology and capital, facilitates price reduction, and enables the development of storage technology and innovation.  With its scale and authoritative understanding of the energy transition opportunities of diverse economies, ISA is the world's foremost energy transition catalyst for bringing a change from energy poverty to energy empowerment.

NTPC has a proven track record in power project development 

NTPC Limited is a government enterprise and a leading global power company with 62,110 MW installed capacity has vast experience in setting up of solar projects and handling various solar programs like the National Solar Mission in India. In 2019, ISA endorsed NTPC as a Project Management Consultant through a competitive process for the member countries to avail the services of NTPC. Earlier the Republic of Togo engaged NTPC for similar PMC support for the development of 285 MW Solar Park in Togo. NTPC plans to anchor 10,000 MW of solar parks in ISA member countries in next two years.

Solar parks are being showcased as a best practice from India which had started solar parks as a novel concept and has commissioned a number of projects, thus bringing down the cost of solar energy substantially, bringing in investment, creating employment and benefitting the environment in the process.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)

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