NTPC seeks to buy 1000 MW solar projects
New Delhi: State-run NTPC Ltd plans to acquire at least 1000 mega watt (MW) of operational solar power projects and has invited request for proposal (RFP) for the same.
According to the RFP reviewed by Mint, India’s largest power generation utility seeks to buy such projects from promoters, lenders or merchant bankers as part of its strategy to have a 32 gigawatt (GW) clean energy portfolio by 2032. It currently has a 2298 MW renewable energy projects under construction.
The other criteria mentioned by the RFP include, a tariff of less than or equal to ₹5 per unit approved by the respective state or Central Regulatory Commission and an operational installed capacity of at least 50 MW at a single location.
