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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.