NTPC to Invest ₹24.4 Billion in Hydro, Solar and Waste-to-Energy Projects

NTPC Ltd. on Friday said its board approved investing up to ₹24.44 billion in its wholly-owned subsidiary North Eastern Electric Power Corp. Ltd. for three hydroelectric power projects and one solar power project. The board also approved setting up municipal solid waste-to-torrefied charcoal facilities of 1,200 tonnes per day at Faridabad and 1,500 tonnes per day at Gurugram in Haryana.

The Faridabad facility will cost an estimated ₹3.65 billion, while the Gurugram facility will cost ₹4.14 billion. Both proposals were put forward by Aravali Power Co. Pvt. Ltd., a joint venture of NTPC with Haryana Power Generation Corp. Ltd. and Indraprastha Power Generation Co. Ltd.

In a separate filing, NTPC revised the investment for its 1.98-gigawatt North Karanpura super thermal power project to ₹214.95 billion, up from the 2014 estimate of over ₹143.00 billion.