NTPC Renewable Energy Ltd, a subsidiary of NTPC Green Energy Ltd, has commenced commercial operations of 55 MW out of the 105 MW capacity under its Shajapur solar project (Unit-I) in Madhya Pradesh. The company secured this 105 MW capacity at a tariff of INR 2.35/kWh, along with an additional 220 MW at INR 2.33/kWh, during Rewa Ultra Mega Solar Ltd’s auction for 450 MW of solar projects in the Shajapur Solar Park.
Power purchase agreements have been finalized with Indian Railways, Madhya Pradesh Power Management Co. Ltd, and Rewa Ultra Mega Solar Ltd to distribute the energy generated from these projects. In a parallel development, NTPC Green Energy Ltd (NGEL) has entered into a memorandum of understanding with Chhattisgarh State Power Generation Co. Ltd. (CSPGCL) to jointly develop up to 2 GW of renewable energy projects, including innovative floating solar installations. This partnership aligns with NTPC’s continued efforts to drive India’s clean energy transition.
NTPC Renewable Energy Ltd (NREL), a wholly-owned subsidiary of NTPC Green Energy Ltd, is a key player in India’s clean energy transition. Established to focus on accelerating renewable energy adoption, NREL is spearheading NTPC’s ambitious target of achieving 60 GW of renewable energy capacity by 2032.
The company specializes in the development of solar, wind, and hybrid energy projects, including innovative solutions like floating solar and green hydrogen. With a growing portfolio of projects across the country, NREL is committed to supporting India’s sustainable energy goals through cutting-edge technologies, strategic partnerships, and efficient power generation, contributing to a cleaner and greener future.
