NTPC to invest $1.5 billion in renewable energyFebruary 20th, 2008 - 4:43 pm ICT by admin
New Delhi, Feb 20 (IANS) India’s biggest coal-based power generator NTPC Ltd plans an investment of Rs.60 billion ($1.5 billion) to build capacity of 1,000 MW of renewable energy in 10 years, said a senior company official. This will include 650 MW of wind power, the official said.
The company has decided to foray into renewable power generation with a 100 MW wind power project, he added.
In a recent meeting, NTPC’s board of directors granted approval for going ahead with the project. The company is now preparing a project feasibility report.
NTPC might set up the project in the country’s western or southern coastal regions, which are considered to be well suited for wind power plants, the official said.