NTPC invites 1,000 MW renewable energy tenders

NTPC invites 1,000 MW renewable energy tenders

To avail the benefits of the Central government’s flexible-generation scheme, NTPC has called for tenders from 1,000 MW of existing solar and wind generation plants to supply power to the company for one year. The ceiling tariff for the reverse auction for choosing solar/wind power plant has been kept at Rs 2.67/unit.

The power ministry, in April this year, had allowed thermal power generation companies (gencos) the flexibility of using renewable energy sources to meet their contractual generation obligations.

The new mechanism allows thermal gencos to set up renewable power plants at their existing power stations, or anywhere else, thus allowing discoms to meet their renewable purchase obligations (RPOs) through existing PPAs. Read More

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