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NTPC Green secures 1000 MW in UPPCL solar power project

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Synopsis:

NTPC Renewable Energy Ltd. won 1000 MW capacity in UPPCL’s solar project at ₹2.56/kWh. This strengthens NTPC Green Energy Ltd's renewable portfolio. Shares closed 0.12% higher at ₹128.10.

NTPC Green Energy Ltd news today

NTPC Renewable Energy Ltd., a subsidiary of NTPC Green Energy Ltd., has successfully won 1000 MW in the e-reverse auction held by Uttar Pradesh Power Corporation Ltd. (UPPCL). The tender aimed at awarding 2000 MW for ISTS-connected Solar PV Power Projects under tariff-based competitive bidding. NTPC REL secured the bid with a tariff of ₹2.56 per kWh, and the Letter of Award (LOA) is currently awaited.

Also read: RBI approves HDFC Bank to acquire 9.5% stake in AU Small Finance Bank

NTPC GREEN ENERGY LIMITED

Trade

123.93-0.33 (-0.26 %)

Updated - 07 January 2025
125.49day high
DAY HIGH
122.10day low
DAY LOW
12297678
VOLUME (BSE)

Key Takeaways

  • NTPC Renewable Energy Ltd. secured 1000 MW in UPPCL’s solar auction.

  • Tariff finalised at ₹2.56 per kWh.

  • Awaiting Letter of Award from UPPCL.

Also read: HG Infra secures LoI for 250 MW battery energy system in Gujarat

Gujarat Solar Project: A New Milestone

NTPC Renewable Energy Ltd. recently commenced commercial operations of 37.5 MW, the first phase of its 200 MW solar project in Gujarat. Certified by the Gujarat Energy Development Agency, this project contributes to NTPC’s growing renewable portfolio. The total installed and operational capacity of the NTPC group has now reached 76,598.18 MW, further bolstering its renewable energy leadership.

NTPC’s Expanding Renewable Portfolio

Project Name

Capacity (MW)

Status

UPPCL Solar PV Project

1000

Bid won

Gujarat Solar Project (Phase I)

37.5

Operational

Gujarat Solar Project (Total)

200

Partially operational

NTPC Green Energy Ltd Share Price Rises

The NTPC Green Energy Ltd share price witnessed a slight increase, closing 0.12% higher at ₹128.10. This reflects investor confidence as the company secures key renewable energy projects and continues its push toward sustainable energy solutions.

NTPC Renewable Energy Ltd.’s success in winning the UPPCL tender marks another milestone in NTPC Green Energy Ltd.’s journey towards expanding its renewable energy footprint.

Also read: Adani Wilmar achieves 6% volume growth and 33% revenue rise in Q3

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Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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