- NTPC Renewable Energy Ltd., a wholly owned subsidiary of NTPC Green Energy Ltd., has emerged as a successful bidder in the e-reverse auction conducted by NHPC Ltd.
- The tender, aimed at the “Selection of Solar Power Developers for Setting up 2000 MW ISTS-connected Solar PV Power Projects in India under Tariff-Based Competitive Bidding,” was conducted on January 3, 2025.
NTPC Renewable Energy Ltd., a wholly owned subsidiary of NTPC Green Energy Ltd., has emerged as a successful bidder in the e-reverse auction conducted by NHPC Ltd. The company won a 300 MW solar project bid from NHPC.
The project, part of a larger 1200 MW tender, includes a 150 MW and 300 MWh energy storage system. NTPC Renewable Energy secured the capacity at a tariff of ₹3.09 per kWh. The company awaits the Letter of Award from NHPC Ltd.
The tender aimed at the “Selection of Solar Power Developers for Setting up of 1200 MW (1.2 GW) ISTS (Inter State Transmission System) Connected Solar Power Projects with 600MW/1200MWh Energy Storage Systems (ESS) on an anywhere-in-India basis under Tariff Based Competitive Bidding with Green Shoe Option.”
Earlier this year, NTPC Renewable emerged as a successful bidder in the e-reverse auction conducted by Uttar Pradesh Power Corporation Ltd. (UPPCL).
The tender, aimed at the “Selection of Solar Power Developers for Setting up 2000 MW ISTS-connected Solar PV Power Projects in India under Tariff-Based Competitive Bidding,” was conducted on January 3, 2025.
NTPC REL secured a capacity of 1000 MW at a tariff of ₹2.56 per kWh. The Letter of Award (LOA) from UPPCL is awaited. Shares of NTPC Green Energy Ltd. are currently trading 1.04 per cent lower on Friday at ₹111.99. The stock fell 12 per cent so far this year.