August 11, 2020

NTPC floats tender to amass 1 GW photo voltaic initiatives, to speculate round Rs 5,000 crore

State-run energy big NTPC has floated a tender to amass 1 GW operational photo voltaic initiatives, which entails an funding of round Rs 5,000 crore.

In a young or request for proposal (RFP) issued on Friday, NTPC has invited bids from the promoters or lenders, authorised monetary intermediaries of energy technology corporations, impartial energy producers or builders for providing operational photo voltaic based mostly belongings positioned in India.

The tender is anticipated to be finalised by October this yr.

The doc said that in step with its long-term company plan, NTPC is taking varied steps to make its power portfolio greener by including vital capacities of renewable power (RE) sources.

By 2032, the corporate plans to have a minimal of 32 GW capability by way of RE sources constituting practically 25 per cent of its total energy technology capability.

The RE portfolio of NTPC has ongoing capability addition initiatives with round 2,298 MW initiatives underneath development.

The corporate can also be considering to extend its renewable technology capability by way of acquisition of operation solar-based energy belongings positioned in India for a minimal capability of 1 GW, it said within the RFP.

The corporate can improve its energy technology capability immediately by going for inorganic development or buying current operational initiatives.

Establishing a photo voltaic venture takes as much as two years as per trade requirements.

The corporate has a capital expenditure plan of Rs 21,000 crore for the present fiscal yr, and most of it might be spent on including new energy technology capacities, it stated.

For buying about 1 GW of operational solar energy capability, the corporate must shell out round Rs 5,000 crore as per again of the envelope calculations.

NTPC, previously often called Nationwide Thermal Energy Company, plans to be a 130 GW-company by 2032 with diversified gas combine.

With a complete put in capability of 62,910 MW, the NTPC group has 70 energy stations comprising of 24 coal, 7 mixed cycle fuel/liquid gas, 1 hydro, 13 renewables together with 25 subsidiary and JV energy stations.