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

The Andhra Pradesh government has signed PPAs with NTPC Limited for the procurement of 750 MW of power from three solar power projects located in Ananthapuramu. These are the 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). Solar power will be procured at Rs 2.72 per kWh with a 2 per cent rebate on timely payments by the state discoms.

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