Andhra Pradesh signs PPA with NTPC for procurement of 750 MW solar power

The Andhra Pradesh government has signed the power purchase agreements (PPA) with NTPC Limited for procurement of 750 MW of power from three solar power projects located in Ananthapuramu. These are 250 MW Ananthapuramu Solar Photovoltaic Power Project (Phase II) (Sprng Energy), 250 MW Ananthapuramu Solar Photovoltaic Power Project (Phase II) (Ayana Renewable) and 250 MW Ananthapuramu Solar Photovoltaic Power Project (Phase II) (SB Energy). The solar power will be procured at Rs 2.72/kWh with two per cent rebate on timely payments by the state discoms.

NTPC Limited is implementing the 1,000 MW Ananthapuramu Solar Ultra Mega Power Project at in Ananthapuramu district of Andhra Pradesh in two phases- Phase I- 250 MW and Phase II- 750 MW. The Phase-I of the project was commissioned on August 10, 2016. Sprng Energy, Ayana Renewable Power and SB Energy had won the bids to develop 250 MW capacities each under Phase II of the project.

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