NTPC, the state-run giant through its renewable energy vertical NTPC RE has signed a power purchase agreement (PPA). This agreement is done with Indian Railways, Rewa Ultra Mega Solar and Madhya Pradesh Power Management Company.
“NTPC RE Ltd, a wholly-owned subsidiary of NTPC Ltd, India’s largest integrated energy company has signed a PPA (power purchase agreement) 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 Ltd (RUMSL) at Shajapur Solar Park in Madhya Pradesh,” an NTPC statement said.
The PPA signing was witnessed by Madhya Pradesh Chief Minister Shivraj Singh Chauhan and Union Power and New & Renewable Energy Minister R K Singh. The signing was completed on 25th November 2021.
NTPC Renewable Energy quoted Rs 2.35/kWh to win 105 MW capacity. Rs 2.33/kWh for 220 MW capacity in Rewa Ultra Mega Solar Ltd auction. The auction was held on 19th July 2021 at Shajapur Solar Park in Madhya Pradesh.
The NTPC has won more than six GW of RE capacity through competitive biddings. NTPC REL Ltd was floated with the purpose of developing renewable energy projects.
Reference: NTPC Press Release