NTPC REL Wins Contract for 900 MW Solar Project in PFCCL’s 1250 MW Solar Tender

NTPC Renewable Energy Limited has successfully secured a 900 MW capacity in a Solar tender facilitated by PFCCL on behalf of NTPC Ltd. The initiative aimed at selecting 1250 MW ISTS-Connected Solar PV Power Projects in India under the Flexibility Scheme.

During the reverse auction held on December 21, 2023, conducted by PFCCL, a competitive tariff of ₹2.53/kWh was discovered. NTPC Ltd. will procure the generated energy, intending to replace existing thermal power in NTPC Ltd.’s PPAs with various DISCOMs.

As of now, the NTPC Group boasts an operational renewable energy capacity of 3.36 GW, with a substantial 20 GW in the pipeline. With a steadfast commitment, NTPC aims to achieve an ambitious goal of reaching 60 GW of Renewable Energy capacity by 2032.