NTPC Renewable Energy signs PPA with GUVNL

NTPC Renewable Energy Limited has signeda power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) to sell electricity from its 150 MW solar project.

The project will sell power at a tariff of Rs 2.20 per kWh. On successful completion of this bid, the company’s total capacity under tariff-based competitive bidding tenders has reached 1.4 GW. NTPC Renewable Energy is currently building projects aggregating to6 GW solar capacity across the country. The company has also been allocated land in Rann of Kutch by the Gujarat government for developing a 4,750 MW solar park.

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