NTPC Green Energy Secures 300 MW Solar Project from NHPC

Key Takeaways

– NTPC Renewable Energy Limited has won a 300 MW solar project from NHPC through a competitive e-reverse auction.
– The project is part of a larger tender for 1200 MW solar projects and includes a 150 MW/300 MWh energy storage system.
– The tariff for the project is set at Rs 3.09 per kilowatt hour, with the auction concluding on January 23, 2025.

NTPC Secures Solar Project from NHPC

NTPC Green Energy Limited (NGEL) announced that its subsidiary, NTPC Renewable Energy Limited (NTPC REL), has successfully won a 300 MW solar project in an e-reverse auction held by NHPC. This win is part of NHPC’s initiative to select developers for solar power projects connected to the inter-state transmission system (ISTS).

The tender published by NHPC aimed to establish a total of 1200 MW of solar power capacity and incorporated options for energy storage systems. Specifically, the total included 600 MW/1200 MWh energy storage capacity which is critical for enhancing the reliability and efficiency of solar power generation.

NTPC REL secured a 300 MW capacity from this auction with a bid tariff of Rs 3.09 per kilowatt hour (kWh). Additionally, the project entails the development of an energy storage system with a capacity of 150 MW and 300 MWh. This combination of solar power generation and energy storage is designed to ensure stable output, accounting for the intermittent nature of solar energy.

The e-reverse auction concluded on January 23, 2025, with NGEL eagerly awaiting the issuance of the Letter of Award (LOA) from NHPC Limited, which will formalize the project agreement. The successful bid reflects NTPC’s ongoing commitment to expanding its renewable energy portfolio and contributing to India’s clean energy goals.

This project aligns with broader national objectives to increase renewable energy capacity and reduce dependence on fossil fuels. As the push for sustainable energy continues, initiatives like this play a crucial role in transitioning towards greener sources of electricity.

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