Updated Jan 5, 2025 11:53 IST
NTPC REL secured a capacity of 1000 MW at an impressive tariff of Rs 2.56/kWh. (Image: Freepik/ET NOW News)
Article Highlights
- NTPC REL secured a capacity of 1000 MW at an impressive tariff of Rs 2.56/kWh. However, the letter of award (LOA) from UPPCL is awaited.
- NTPC Green Energy shares on Friday closed in green at Rs 128.35, 0.35 per cent higher from the previous close of Rs 127.90, on Friday according to the BSE.
- NTPC Renewable Energy, a step-down subsidiary, began commercial delivery of 30 MW of energy from its 150 MW solar plant at Mesanka, Gujarat, in December.
The tender, aimed at the “Selection of Solar Power Developers for Setting up 2000 MW ISTS-connected Solar PV Power Projects in India under Tariff-Based Competitive Bidding,” conducted on 3rd January 2025.
NTPC REL secured a capacity of 1000 MW at an impressive tariff of Rs 2.56/kWh. However, the letter of award (LOA) from UPPCL is awaited.
NTPC Green Energy Share Price
NTPC Green Energy shares on Friday closed in green at Rs 128.35, 0.35 per cent higher from the previous close of Rs 127.90, on Friday according to the BSE. The renewable energy stock opened at Rs 128.40 and hit an intra-day high of Rs 132 and a low of Rs 127.80, respectively.
NTPC Green Energy Project
Earlier, NTPC Renewable Energy, a step-down subsidiary, began commercial delivery of 30 MW of energy from its 150 MW solar plant at Mesanka, Gujarat, in December.
“… The second part capacity of 30 MW out of 150 MW Gujarat Solar PV Project in Mesanka, Gujarat of NTPC Renewable Energy Ltd, a step-down subsidiary of NTPC through its subsidiary NTPC Green Energy Ltd, is declared on commercial operation with effect from 00:00 hours of 11.12.2024,” the company said in a regulatory filing.
The first part capacity of 60 MW has already been declared on commercial operation (supply) from July 29, 2024, the filing added.
Before that, NTPC Green Energy Limited (NGEL), NTPC Ltd’s renewable green energy unit, stated on December 21 that it had signed a Memorandum of Understanding (MoU) with Bihar’s Department of Industries. The deal was inked on December 20 during the “Bihar Business Connect 2024” Global Investors’ Summit in Patna.
The MoU outlines a framework for significant investments in Bihar to establish renewable energy projects, including ground-mounted and floating solar installations, battery energy storage systems, and green hydrogen mobility initiatives etc.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
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