NTPC Renewable Energy Limited, a wholly-owned subsidiary of NTPC Limited, has signed a power purchase agreement and other project agreements with Indian Railways, Madhya Pradesh Power Management Company Limited (MPPMCL), and Rewa Ultra Mega Solar Limited (RUMSL) for 325 MW solar projects at Shajapur Solar Park in Madhya Pradesh.
In the Rewa Ultra Mega Solar Limited’s auction held in July 2021 for 450 MW of Solar Projects at Shajapur Solar Park in Madhya Pradesh, NTPC Renewable Energy won a capacity of 105 MW at Rs 2.35 per kWh and a capacity of 220 MW at Rs 2.33 per kWh. Through competitive bidding, NTPC has secured more than 6 GW of renewable energy capacity.
Earlier this month, NTPC Vidyut Vyapar Nigam Limited, a wholly-owned subsidiary of NTPC Limited also signed a Rs 1.8 billion agreement with Varanasi Nagar Nigam for the construction of a waste-to-energy plant. The agreement was signed by the NVVN and the Varanasi Municipal Commissioner. The project will include the construction of a plant with a waste segregation facility capable of processing 600-800 tonnes of municipal solid trash per day.