NTPC inks power purchase pact with Gujarat for 150 MW solar power

Electricity generator NTPC said on Thursday that its newly formed subsidiary NTPC Renewable Energy has signed a power purchase agreement with state-run power utility Gujarat Urja Vikas Nigam (GUVNL) to sell power from its upcoming 150 mega-watt (MW) solar project in the state at Rs 2.20/unit.

NTPC Renewable Energy was created in October, 2020 to focus on the power behemoth’s green energy business as NTPC plans to increase the share of renewable energy in its generation portfolio.