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India’s largest power producer approves 510 MW solar power investment

The board of India’s state-owned power utility NTPC has approved a INR 31 billion ($467.5 million) investment backing the development of 510 MW of new solar PV capacity

across two Indian states. 

According to a statement on the Bombay Stock Exchange (BSE), NTPC is to give financial backing to the 260 MW Bhadla solar PV project in Rajasthan to the tune of approximately INR 16 billion (235 million), which will comprise four 65 MW individual group-mount installations. 

In Madhya Pradesh, a similar amount will be steered towards the construction of five 50 MW solar parks that will comprise the 250 MW Mandsaur Solar PV scheme. 

 

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