NTPC Board approves Rs.323.35 cr for 50 MW wind power project

NTPC Board approves Rs.323.35 cr for 50 MW wind power project

The board of NTPC, India’s biggest energy conglomerate, has cleared Rs.323.35 crore investment in the public sector unit’s (PSU) first wind power project of 50 MW in Rojmal, Gujarat. In its BSE filing, the company said, “The Board of Directors of NTPC in its meeting held on November 30, 2016 has accorded investment approval for Rojmal Wind Energy Project (50 MW) in Gujarat at an appraised estimated cost of Rs.323.35 crore subject to signing of Power Project Agreement.”

This will be NTPC’s first wind energy project, the statement said.

The state-run power company has drafted its business strategy of adding capacity through renewable resources to about 1,000 MW by 2017. To achieve this endeavour, the PSU has so far commissioned 310 MW Solar PV (Photovoltaics) projects. Read More…

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