NTPC to invest Rs 25K crore to set up solar park

NTPC to invest Rs 25K crore to set up solar park

NTPC, India’s largest power company, will not undertake any new coal-based generation for the next few years as part of measures to reduce its carbon footprint and has decided to invest about Rs 25,000 crore to set up one of the world’s largest solar parks at Kutch in Gujarat. The solar park will be developed in phases over the next five years.

The company also expects to disconnect some of its coal-based capacity from morning till evening to make way for affordable solar and wind power generation, said a senior company official. Besides, it plans to set up solar power plants of 1,000-MW capacity which will sell electricity in open market.

NTPC’s plan to procure renewable power from plants across the country and bundle it with its coal-based generation will be implemented in a month, the official told ET on condition of anonymity. Read more

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