NTPC Renewable Signs PPA For 1,000 MW Solar Project At ₹2.56/kWh

NTPC Green Energy Ltd said its subsidiary NTPC Renewable Energy Ltd has signed a power purchase agreement for 1,000 megawatt capacity of a solar photovoltaic power project at a discovered tariff of ₹2.56 per kilowatt-hour, as per an exchange filing.

The agreement follows NTPC Renewable’s success in a January auction by Uttar Pradesh Power Corp. Ltd, where it secured 1,000 MW under a tariff-based competitive bidding process. The company was awarded the capacity under an e-reverse auction held for selecting developers of 2,000 MW ISTS-connected solar projects.