NTPC Renewable Energy Limited (NTPC REL) announced that land and extra high voltage (EHV) transmission system packages for up to 2 GW of ISTS solar PV projects in Rajasthan have been tendered. The brief scope of work includes arrangement of government and private land on leasehold or freehold mode (5 acres/MW) in the Bhadla or Fatehgarh regions of Rajasthan.
The arrangement of grid connectivity with the Bhadla-III or Fatehgarh-IV ISTS substations; and the design and construction of the EHV transmission system until the ISTS substation as per technical specifications. NTPC REL intends to fund the subject package with its own funds.
Also, in March 2023, NTPC Green Energy Limited (NGEL) announced a pact with Indian Oil Corporation Limited (IOCL) for setting up renewable energy projects.
In the same month, under the aegis of the National Monetisation Pipeline of Government of India, NTPC Limited completed the closing of the transactions in relation to consolidating its renewable energy portfolio under one umbrella entity i.e NGEL on February 28, 2023. This is a transfer of renewable assets or entities owned by NTPC to NGEL, its wholly-owned subsidiary, incorporated on April 07, 2022.