New Delhi: NTPC Renewable Energy Limited (NTPC REL), a 100 percent subsidiary of NTPC Limited, has received the go-ahead from the Ministry of New and Renewable Energy (MNRE) to set up a 4,750 MW renewable energy park at Rann of Kutch in Khavada, Gujarat. This will be India’s largest solar park to be built by the largest power producer in the country.
NTPC REL has been given the go-ahead by MNRE on July 12, 2021, under Mode 8 (Ultra Mega Renewable Energy Power Park) of the Solar Park Scheme. NTPC REL has plans to generate green hydrogen on a commercial scale from this park.
As a part of its green energy portfolio augmentation, NTPC aims to build 60 GW renewable energy capacity by 2032. Currently, the state-owned Maharatna Power PSU has an installed capacity of 66 GW across 70 power projects with an additional 18 GW under construction.
Recently, NTPC has also commissioned India’s largest Floating Solar of 10 MW (ac) on the reservoir of Simhadri Thermal Power Plant, Andhra Pradesh. An additional 15 MW (ac) would be commissioned by August 2021.
Further, a 100 MW Floating Solar Project on the reservoir of Ramagundam Thermal Power Plant, Telangana is in the advanced stage of implementation.
Additionally, Renewable Energy Limited has recently signed an MoU with UT, Ladakh and Ladakh Autonomous Hill Development Council (LAHDC) for the generation of green hydrogen and deployment on FCEV buses. The signing of the MoU was also marked with the inauguration of NTPC’s first solar installations in Leh in form of solar trees and a solar carport.
NTPC REL, the subsidiary was incorporated on October 7, 2020, to accelerate the renewable energy business of the Maharatna Power PSU.
(PSU Watch- India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)