Keen to step up own production, NTPC to stop buying, re-selling renewable power

NTPC Ltd wants to completely shift away from the business of procuring renewable energy and then selling it at a small margin to State governments.

According to officials in the know, NTPC now wants to focus on increasing its renewable energy generation capacity and leave the renewable power procurement responsibility to the Solar Energy Corporation of India (SECI). NTPC and SECI had independently started calling for bids from renewable energy project developers to build confidence for achieving the clean energy goals of the centre. These two Central government agencies would procure power from the developers and then sell it to a power distribution company (Discom) at a margin of around 6-7 paisa per unit.