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NTPC Renewable Energy Signs PPA for 325 MW Solar Projects

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NTPC Renewable Energy Limited (NREL), a wholly-owned subsidiary of NTPC Ltd, India’s largest integrated energy company has signed a PPA and other Project agreements with Indian Railways, Madhya Pradesh Power Management Company Limited (MPPMCL) and Rewa Ultra Mega Solar Limited (RUMSL) for 325 MW Solar Projects being installed in the Rewa Ultra Mega Solar Limited (RUMSL) at Shajapur Solar Park in Madhya Pradesh.

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The pact was signed in the presence of Shri Shivraj Singh Chauhan, Hon’ble Chief Minister of Madhya Pradesh and Shri R. K. Singh, Hon’ble Union Minister of Power and New & Renewable Energy on 25th November, 2021.

NTPC RE Limited has won a capacity of 105 MW quoting ₹2.35/kWh, and also a capacity of 220 MW quoting ₹2.33/kWh in the Rewa Ultra Mega Solar Limited’s auction held on 19th July’21 for 450 MW of Solar Projects at Shajapur Solar Park in Madhya Pradesh. NTPC has won more than 6 GW of RE capacity through competitive biddings, said the press release

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NTPC REL Ltd., 100% subsidiary of NTPC, floated with the purpose of developing renewable energy projects, it added.

Last month NREL has invited expression of interest (EoI) for Strategic Sourcing Tie-ups of Solar PV Modules for approx.15 GW upto a cumulative period of five years.

The firm was desired to enter into long term sourcing partners for solar photo voltaic (PV) modules to develop its renewable energy portfolio either by way of direct sourcing tie ups or through a contract manufacturing.

The purpose of the EoI was to evaluate the upcoming capacities of the domestic solar PV module manufacturers, their techno-commercial requirements to initiate the process of long terms sourcing tie ups, said the company.

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