National Thermal Power Corporation (NTPC) of India intends to develop solar power facilities in India having a combined generation capacity of up to 3000MW in the current financial year.
NTPC Director (Commercial) I J Kapoor was quoted by The Economic Times as saying: "In February NTPC board had approved a commitment to the government for developing 10,000 mw of solar power capacity in the next five years.
"We are planning to install 3000 mw of solar PV capacity during the financial year as compared to the existing installed capacity of 110 mw under solar sector."
The state-owned power provider has signed a power purchase agreement (PPA) with power utilities in the state of Andhra Pradesh – Andhra Pradesh Eastern Power Distribution Company (APEPDCL) and Andhra Pradesh Southern Power Distribution Company (APSPDCL).
The PPA concerns the power generated from the 250MW power facility under the first phase of the 1,000MW ultra solar power project which is being developed by NTPC in Anatapur District.
Extending for 25 years, the agreement has fixed tariff of Rs 6.16 per unit for the energy supplied from the solar facility.
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By GlobalDataThe solar facility is expected to be operational within a year.
NTPC intends to develop solar projects having combined generation capacity of 10,000MW in the country.
The firm has set an aim to turn into a 1,28,000MW company by 2032, with 28% of its installed capacity derived from non-fossil sources.
