NTPC RE signs PPA for 325 MW solar project

The company signed the PPA with Indian Railways, Madhya Pradesh Power Management Company Limited (MPPMCL) and Rewa Ultra Mega Solar Limited (RUMSL).

NTPC Renewable Energy Limited, a wholly-owned subsidiary of NTPC Ltd. has signed a PPA and other project agreements with Indian Railways, Madhya Pradesh Power Management Company Limited (MPPMCL) and Rewa Ultra Mega Solar Limited (RUMSL) for 325 MW solar projects being installed in the RUMSL at Shajapur Solar Park in Madhya Pradesh. 

The pact was signed in the presence of Shivraj Singh Chauhan, Chief Minister of Madhya Pradesh and R. K. Singh, Union Minister of Power and New & Renewable Energy on 25th November 2021.

NTPC RE has won a capacity of 105 MW quoting ₹2.35/kWh, and also a capacity of 220 MW quoting ₹2.33/kWh in the Rewa Ultra Mega Solar Limited’s auction held on 19th July’21 for 450 MW of solar projects at Shajapur Solar Park in Madhya Pradesh. NTPC has won more than 6 GW of RE capacity through competitive biddings.