NREL to float global tender to set up 3 GW RE project

NTPC Limited’s arm NTPC Renewable Energy Limited (NREL) will float a global engineering procurement and construction tender to set up a 3 GW renewable energy project with a battery storage system worth around Rs 150 billion by February 2022.

NREL currently has a renewable project portfolio of 3,850 GW, of which, 970 MW projects are under construction and 2,880 MW projects have been won and are in different phases of implementation. NREL is set to realise its target of having 60 GW renewable energy (RE). The RE capacity of the NTPC is envisaged to be 45 per cent of its total 130 GW installed generation capacity by 2032.