NTPC Renewable arm signs PPA for 325 MW Solar Project in Madhya Pradesh

NTPC Renewable Energy inks PPAs with Indian Railways, Madhya Pradesh Power Management Company Limited (MPPMCL) and Rewa Ultra Mega Solar Limited (RUMSL)…

NTPC Renewable Energy Limited has signed Power Purchase Agreements (PPAs) and other projects agreements with Indian Railways, Madhya Pradesh Power Management Company Limited (MPPMCL) and Rewa Ultra Mega Solar Limited (RUMSL). 

The agreement has been signed for 325 MW of solar power projects being installed in Rewa Ultra Mega Solar Limited (RUMSL) at Shajapur Solar Park in Madhya Pradesh under PPAs.

The agreement was signed on 25 November 2021 in the presence of Shri Shivraj Singh Chauhan, Chief Minister of Madhya Pradesh, and Shri R. K. Singh, Union Minister of Power, New and Renewable Energy.

A solar auction was held on 19th July’21 by Rewa Ultra Mega Solar Limited for 450 MW at Shajapur Solar Park in Madhya Pradesh. 

At the auction, NTPC RE Limited won 105 MW quoting INR 2.35/kWh as well as a capacity of 220 MW quoting INR 2.33/kWh. More than 6 GW of renewable energy capacity has been won by NTPC through competitive bidding.

NTPC Renewable Energy Limited is a wholly-owned subsidiary of NTPC Ltd, India’s largest integrated energy company. NTPC REL Ltd., has been floated with the purpose of developing renewable energy projects. 

Connect with Power Insight:   Facebook  |  LinkedIn  |  Twitter