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The Republic of Mali has awarded a Project Management Consultancy (PMC) contract to NTPC, a central PSU under the Ministry of Power, for the development of 500 MW Solar Park. In an event held on 24th June 2020, chaired by R. K. Singh, the Minister of State for Power, NRE, Skill Development and President of International Solar Alliance (ISA), and H.E. Sekou Kasse, the Ambassador of Mali, handed over the Project Management Consultancy award letter to Gurdeep Singh, CMD NTPC, for development of 500 MW Solar Park in the Republic of Mali.
The event was hosted by ISA in the Ministry of Renewable Energy, New Delhi, and attended by Director General ISA- H.E Upendra Tripathy, Secretary (Power), Sanjeev Nandan Sahai and Secretary(MNRE)- Indu Shekhar Chaturvedi and Secretary (Economic Relations) Rahul Chhabra among others.
ISA is an international, inter-Governmental organization, based in India, created with the vision and leadership of Prime Minister, Sh. Narendra Modi and announced jointly with the President of France during COP21 held in Paris in 2015. ISA’s vision is for a large-scale solar revolution, hinges on creating a facilitative international ecosystem that enables access to science and economic resources, reduce the cost of technology and capital, facilitates price reduction, and enables the development of storage technology and innovation. With its scale and authoritative understanding of the energy transition opportunities of diverse economies, ISA is the world’s foremost energy transition catalyst for bringing a change from energy poverty to energy empowerment.
The Republic of Mali has been taking various initiatives towards the energy security of the country, especially to increase access to electricity for its citizens, with a focus on solar power and applications. The development of Solar Projects in Mali will make a considerable impact on the socio-economic growth of Mali.
NTPC, a Government of India Enterprise and a leading global power company with 62,110 MW installed capacity has vast experience in setting up Solar Projects and handling various solar programs like the National Solar Mission in India. In 2019, ISA endorsed NTPC as a Project Management Consultant through a competitive process for the member countries to avail the services of NTPC. Earlier the Republic of Togo engaged NTPC for similar PMC support for the development of 285 MW Solar Park in Togo. NTPC plans to anchor 10,000 MW of solar parks in ISA member countries in the next two years.
Solar parks are being showcased as a best practice from India which has started solar parks as a novel concept and has commissioned several projects, thus bringing down the cost of solar energy substantially, bringing in investment, creating employment, and benefiting the environment in the process.
National Thermal Power Corporation Limited (NTPC), Indian Public Sector Undertaking has recently announced about the Update on deferment of capacity charges and rebate to DISCOMs.NTPC states that it will be giving a rebate of Rs 1363 crore to distribution companies (Discoms) on fixed or capacity charges that they owe during the lockdown period this fiscal year.
It added that its board of directors meeting which was held on 9th June 2020 approved deferment of capacity charges of Rs 2,064 crore to Discoms, to be payable without interest after the end of the lockdown period in three equal monthly installments.”