NTPC REL wins 300 MW solar project in NHPC auction across India

NHPC auction awards NTPC REL 300 MW solar project with 150 MW/300 MWh ESS, advancing India's nationwide solar power initiative under competitive bidding.

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NHPC auction selected developers for 1200 MW ISTS solar projects with 600 MW/1200 MWh ESS under competitive bidding.

NHPC auction selected developers for 1200 MW ISTS solar projects with 600 MW/1200 MWh ESS under competitive bidding. Image credit/Source: Mrganso/Pixabay

India-based NTPC Renewable Energy (NTPC REL), a subsidiary of NTPC Green Energy (NGEL), secured 300 MW capacity in an e-reverse auction conducted by NHPC. The auction aimed to select solar power developers for setting up 1200 MW ISTS-connected solar power projects. It included 600 MW/1200 MWh Energy Storage Systems (ESS) under tariff-based competitive bidding. NTPC REL won the bid at a tariff of ₹3.09/kWh and will include a 150 MW/300 MWh ESS as per the Request for Selection (RFS) conditions. The project is part of NHPC's initiative for nationwide solar power development. NTPC REL awaits the Letter of Award (LOA) from NHPC. 

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