NTPC to piggyback ISA to expand solar footprint

State-owned NTPC has urged the International Solar Alliance (ISA) to appoint it a consultant for 1,000 MW of rooftop solar projects the latter plans to implement across several countries. NTPC proposes to charge 6-10% of the project cost as upfront consultancy fees, depending on the capacities of the solar installations.

ISA is a treaty-based intergovernmental organisation headquartered in India, which plans to mobilise more than $1,000 billion of investments by 2030 to promote solar technology in countries lying between the tropics of cancer and capricorn. As on date, 52 countries have signed and ratified the ISA framework agreement. NTPC, along with other PSUs like SECI, IREDA, PGCIL, REC, PFC, CIL and PFC, has contributed $1 million each toward ISA funding.