Rising Sun Energy secures a 190 MW solar power project from NTPC

Independent power producer Rising Sun Energy has won a bid in the latest NTPC Limited auction for developing 190 MW solar power projects in the Nokh Solar Park in Rajasthan. The company quoted a tariff of Rs 2.25 per unit.

NTPC had floated the tender in January 2021 to select developers for setting up the projects at the solar park. Reportedly, eight other bidders placed bids for the tender with tariffs ranging between Rs 2.47 ($0.034)/kWh and Rs 2.75 ($0.038)/kWh. They were given the option to match the lowest bid, but they did not, therefore Rising Sun was awarded the full capacity. NTPC will procure power from the 190 MW solar project by entering into a power purchase agreement with the selected bidder for 25 years.