NTPC Green Energy Ltd (NGEL), a subsidiary of NTPC, has signed a joint venture agreement (JVA) with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) to develop 10 GW of renewable energy (RE) projects in Maharashtra and other states. The joint venture aims to establish renewable energy parks and projects, aligning with NTPC’s goal of achieving 60 GW of RE capacity by FY32.
Spanish renewable energy company Zelestra has signed a 25-year power purchase agreement (PPA) with NTPC to supply electricity from its 450 MW solar project in Rajasthan. This project will reduce CO2 emissions by 13,555.774 tonnes over the PPA’s duration. The solar project is part of Zelestra India’s plan to develop over six GW of renewable energy projects in the next three years. Zelestra, backed by EQT with USD 232 billion in assets, operates a 20…
Bharat Heavy Electricals Ltd (BHEL) has announced a major order worth over Rs 61 billion from NTPC Ltd for an EPC package at the 1×800 MW Sipat supercritical thermal power project (Stage III) in Bilaspur district, Chhattisgarh. The order includes the supply of equipment such as boilers and turbine generators, along with erection, commissioning, and civil works. The contract was awarded through international competitive bidding. The project is scheduled for completion by September 20, 2028,…
NTPC Green Energy Limited (NGEL) has submitted draft documents for an initial public offering (IPO) valued at Rs 100 billion. The IPO will consist solely of new shares, with no existing shareholders selling their stakes. NGEL aims to capitalize on the growing interest in renewable energy and the strong performance of the stock market, using the proceeds to accelerate its green energy projects.
The Board of Directors of NTPC has approved investments for two power projects during its meeting on September 19, 2024. The Darlipali Super Thermal Power Project, Stage-II (1×800 MW) in Sundargarh, Odisha, received approval with an estimated cost of Rs 111.31 billion. Additionally, the Sipat Super Thermal Power Project, Stage-III (1×800 MW) in Bilaspur, Chhattisgarh, was approved with an estimated cost of Rs 97.91 billion. These two thermal power projects represent a combined investment of…
NTPC Limited has signed a memorandum of understanding (MoU) with Petronet LNG Limited to explore new business opportunities. The agreement includes the potential supply of liquefied natural gas (LNG) or regasified liquefied natural gas (RLNG) to NTPC’s Kayamkulam Plant.
NTPC Green Energy Limited (NGEL) and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) have established a joint venture (JV) to develop 25 GW of renewable energy projects and 1 million metric tonnes per annum (MMTPA) of green hydrogen and its derivatives in Rajasthan. The Chief Minister of Rajasthan recently dedicated 160 MW of a 320 MW solar power project in Bhainsara to the nation. In September 2024, NGEL awarded Suzlon Group a 1,166 MW wind…
The Indian government has approved a joint venture (JV) between the Nuclear Power Corporation of India (NPCIL) and National Thermal Power Corporation (NTPC) to develop four 700 MWe nuclear power plants at Mahi Banswara in Rajasthan. The JV, named Anushakti Vidyut Nigam (ASHVINI), has been authorized to build, own, and operate nuclear power plants in India. ASHVINI, a subsidiary of NPCIL with a 51% stake, will implement the 4×700 MW Pressurised Heavy Water Reactors (PHWR)…
NTPC has signed an MoU with USAID’s India Mission to create a roadmap for transforming its townships and offices into net zero establishments. NTPC aims to achieve net zero Scope 2 emissions in its townships and offices by FY 2025-26. Efforts are also underway to make these locations net zero in water and waste. The MoU outlines the development of strategies and a roadmap for achieving these goals, including benchmarking, implementation, certification, and national-level scaling….
Apraava Energy has signed a power purchase agreement (PPA) with NTPC Ltd for a 300 MW interstate transmission system (ISTS)-connected solar energy project in Rajasthan. Secured through an e-reverse auction at a tariff of Rs 2.65 per kWh, the project is part of NTPC’s solar tender for setting up 1,500 MW of ISTS-connected solar PV power projects across India. The PPA, effective for 25 years from the scheduled commencement of supply, tasks Apraava Energy with…
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