NTPC floats tender to acquire 1 GW solar projects

NTPC has launched a tender to acquire 1 GW operational solar projects, entailing an investment of around Rs 50 billion.

In the tender issued, NTPC has invited bids from the promoters or lenders, authorised financial intermediaries of power generation companies, independent power producers or developers for offering operational solar based assets located in India. The tender is expected to be finalised by October 2020. The document stated that in line with its long-term corporate plan, NTPC is taking various steps to make its energy portfolio greener by adding significant capacities of renewable energy (RE) sources. By 2032, the company plans to have a minimum of 32 GW capacity through RE sources constituting nearly 25 per cent of its overall power generation capacity.

 

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