NTPC arm to buy 620 MW from 37 solar power providers
December 20th, 2010 - 7:50 pm ICT by IANSNew Delhi, Dec 20 (IANS) State-run National Thermal Power Corporation (NTPC) Monday said its fully owned subsidiary NTPC Vidyut Vyapar Nigam Limited (NVVN) has approved the proposal for entering into power purchase agreements (PPAs) with 37 solar power developers (SPD).”The board in its meeting held on Dec 17, 2010, approved the proposal for entering into PPAs with 37 SPDs for a cumulative capacity of 620 MW,” said the company in a statement.
According to the power major, 30 SPDs were cleared for 150 MW PPAs, while seven got cleared for 470 MW PPAs under phase I of the Jawaharlal Nehru National Solar Mission (JNNSM).
“NVVN envisages purchase of solar power from SPDs and bundling the same with equivalent capacity of unallocated power from NTPC coal stations to be allocated by the ministry of power (MoP) for sale to state utilities,” the statement further said.
The statement added that PPAs are expected to be signed before the first anniversary of the launch of the JNNSM.
Earlier, NTPC was appointed the nodal agency for phase I of JNNSM by the ministry of power. The scheme was launched by the prime minister Jan 11, 2010, with a target for putting into operation 1,000 MW of grid connected solar power projects by 2013.
- CSE alleges wrongdoing in solar mission, firm denies charges - Feb 01, 2012
- India unveils ambitious solar power mission (Lead, With Images) - Nov 23, 2009
- 1,000 MW solar power from NTPC arm at low rates - Jan 30, 2010
- Solar mission to start with 1,300 MW, reach 20,000 by 2022 - Nov 23, 2009
- India to generate 1,000 megawatts of solar power by 2013: Abdullah - Jul 25, 2010
- India's solar power mission on schedule - Mar 15, 2011
- Abound Solar, Solarsis commission plant in Andhra - Jan 16, 2012
- India aims to instal 20 million solar light bulbs - Jan 11, 2010
- Tamil Nadu's new solar energy policy to add 3,000 MW - Mar 12, 2012
- NTPC inks Rs.10,000 crore loan agreement with SBI - Jul 08, 2011
- PMO ensures Coal India supplies adequate to power plants - Feb 15, 2012
- Uttar Pradesh to add 500 MW of power by June - May 17, 2012
- Tata BP Solar increases cell production capacity - Apr 29, 2010
- Reliance Power to buy equipment from First Solar - Sep 07, 2011
- Karnataka ties up for 1,000 MW power from NTPC, Neyveli - Jan 04, 2011
Tags: coal, equivalent capacity, jawaharlal nehru, launch, mop, mw, national solar, New Delhi, nodal agency, ntpc, power providers, ppas, prime minister, proposal, purchase agreements, solar power projects, spds, state utilities, subsidiary, target