NTPC Inks Energy Acquire Pact with GUVNL for 150 MW Solar Power

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


With this successful bid, the company’s total capacity under TBCB (tariff-based competitive bidding) tenders has reached 1.4 GW. The company has also been allocated land in Rann of Kutch by the Gujarat government for developing a solar park with a capacity of 4,750 MW.

NTPC Renewable is presently constructing 6,000 MW solar capacity across the nation. The company is also in the process of receiving Rs 2,100 crore of long-term loans from banks for its under-construction projects.


Currently, the total installed capacity of NTPC stands at 65,810 MW, comprising 1,318 MW of solar and wind power-based plants. With increasing environmental issues and falling tariffs of renewable power, the biggest thermal energy producer in the nation has decided to diversify its generation portfolio.

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By 2032, it plans to have a total energy production capacity of 1,30,000 MW and 30% of this would be non-thermal power based.

In a further 12 years, NTPC desires to have a base of 32,000 MW renewables, 5,000 MW hydro and a further 2,000 MW of nuclear energy plants.

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