NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Green Energy Limited (NGEL), has secured a 300 MW solar power project in an e-reverse auction conducted by NHPC.
The auction was part of a tender for selecting solar power developers to establish 1,200 MW inter-state transmission system (ISTS) connected solar power projects under tariff-based competitive bidding, which included a green shoe option. The tender also incorporated 600 MW/1,200 MWh energy storage systems (ESS).
The auction concluded on January 23, 2025, and NTPC REL is now awaiting the issuance of the Letter of Award (LOA) from NHPC Limited. NTPC Limited, formerly known as National Thermal Power Corporation, is India’s largest energy conglomerate, primarily engaged in the generation and distribution of electricity. It operates across thermal, hydro, solar, and wind energy sectors, contributing significantly to the nation’s power supply.
