New Delhi: NTPC Renewable Energy Limited, a wholly-owned subsidiary of NTPC Ltd, India’s largest integrated energy company has signed a power purchase agreement (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 Rewa Ultra Mega Solar Limited (RUMSL) at Shajapur Solar Park in Madhya Pradesh.
The pact was signed in the august presence of Shri Shivraj Singh Chauhan, Hon’ble Chief Minister of Madhya Pradesh and Shri R. K. Singh, Hon’ble Union Minister of Power and New & Renewable Energy on 25th November 2021.
NTPC RE Limited 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.
NTPC REL Ltd., a 100% subsidiary of NTPC, floated with the purpose of developing renewable energy projects.