NTPC REL wins 1000 MW solar power project from UPPCL

NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited (NGEL), emerged a successful bidder in the e-reverse auction conducted by Uttar Pradesh Power Corporation Limited (UPPCL) as part of a tender for the “Selection of Solar Power Developers for Setting up 2000 MW ISTS-connected Solar PV Power Projects in India under Tariff-Based Competitive Bidding.

NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited (NGEL), has achieved a significant milestone by emerging as a successful bidder in the e-reverse auction conducted by Uttar Pradesh Power Corporation Limited (UPPCL). The auction was held as part of a tender for 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 January 3, 2025.

NTPC REL secured an impressive capacity of 1000 MW, half of the total tendered capacity, at a competitive tariff of Rs. 2.56/kWh. This achievement underscores NTPC REL’s strong position and commitment to contributing to India’s ambitious renewable energy targets. The successful bid aligns with NTPC’s overarching vision of spearheading India’s transition to a sustainable and green energy future.

The Letter of Award (LOA) from UPPCL is awaited, and once formalised, this project will mark another significant step in NTPC REL’s expanding portfolio of solar energy initiatives. The project is expected to strengthen India’s renewable energy capacity and support the government’s goals of achieving 500 GW of renewable energy by 2030. By securing such a substantial capacity at a competitive tariff, NTPC REL has demonstrated its capability to deliver cost-effective and efficient solar power solutions. This win not only reinforces the company’s leadership in the renewable energy sector but also showcases its dedication to driving innovation and sustainability in India’s energy landscape.

The 1000 MW solar project will play a crucial role in boosting clean energy generation, reducing carbon emissions, and providing reliable, affordable power to meet the growing energy demands of the country. This accomplishment highlights NTPC REL’s commitment to being a key contributor to India’s clean energy revolution.