Business

NTPC wins 85 MW solar capacity in UP government tender

  NEW DELHI: State-run power producer NTPC Wednesday said it has won 85 mega watt (MW) of solar capacity in a reverse auction held by the UP government.
"NTPC participated in the 550 MW tender floated by Uttar Pradesh New and Renewable Energy Development Agency for grid-connected solar projects. In the reverse auction held on December 3, 2018, NTPC participated for 85 MW solar capacities and has won the entire capacity bid by it, at a levelised tariff of Rs 3.02/unit, applicable for 25 years," the company said in a regulatory filing.
The above 85 MW of solar projects shall be set up by NTPC and shall add to the installed capacity of NTPC, the company added.

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