NTPC Renewable Energy Limited has secured a 1,000 MW solar power project from Uttar Pradesh Power Corporation Ltd (UPPCL).

Jan 6, 2024

NTPC Renewable Energy Limited (NTPCREL) has secured a 1,000 MW solar power project from Uttar Pradesh Power Corporation Ltd (UPPCL), at a tariff of INR 2.56/kWh, as per a regulatory filing.

According to the filing, the letter of award from UPPCL is awaited.

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The auction, aimed at the selection of solar power developers for setting up 2 GW ISTS-connected solar PV power projects in India under tariff-based competitive bidding was carried out on January 3.

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Established on October 7, 2020, NTPC Renewable Energy Limited, a subsidiary of NTPC Green Energy Limited (NGEL), drives NTPC’s renewable energy growth and supports India’s transition toward a sustainable future. The company develops large-scale solar, wind, and hybrid projects nationwide and leads the implementation of Ultra Mega Renewable Energy Power Parks (UMREPPs) under Government of India initiatives.