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Suzlon secures order of 1,166 MW from NTPC

India, News

Renewable energy provider Suzlon has won a 1,166 MW order from NTPC Green Energy to supply and install 370 wind turbine generators (WTGs) in Gujarat. This includes two NTPC Renewable Energy projects and one project by IndianOil NTPC Green Energy, equipped with S144 WTGs and a hybrid lattice tubular tower. Each turbine has a rated capacity of 3.15 MW. Suzlon will handle the equipment supply, project execution, and operations and maintenance services post-commissioning. This order…

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NTPC invites bids for 1,200 MW wind-solar hybrid project

India, News

NTPC has issued a tender for the supply of 1.2 GW of power from inter-state transmission system (ISTS) connected wind-solar hybrid projects in India, with a greenshoe option for an additional 600 MW capacity. The project will be executed on a build, own, operate basis. Interested bidders must submit their bids by October 8, 2024, and a reverse auction will determine the final supplier. According to the tender guidelines, all bidders must pay Rs 22,500…

Company Profile: NTPC

Features

NTPC Limited, India’s largest power utility, has shown strong financial performance, significant capacity expansion, and renewable energy and nuclear power initiatives. The company achieved record highs in market capitalisation, profit, and electricity generation while advancing its commitment to sustainability and innovation. Here’s a detailed look at NTPC’s achievements and plans. Financial Performance In FY 2023-24, NTPC reported a consolidated profit after tax (PAT) of Rs 213.32 billion, a 25% increase from the previous year. The…

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NTPC plans major nuclear expansion with new subsidiary

India, News

NTPC Limited is planning an expansion into nuclear energy by establishing NTPC Nuclear Power Company, a 100% subsidiary. The company is exploring sites in multiple states for new nuclear units as part of its strategy to achieve a carbon-neutral economy, integrating renewables, nuclear power, green hydrogen, green mobility, energy storage, and waste-to-energy, with low-emission thermal power at its core. NTPC’s first nuclear project, in collaboration with Nuclear Power Corporation of India Limited (NPCIL), will be…

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NTPC commissions 160 MW of Bhainsara solar project  

India, News

State-owned NTPC has announced the commissioning of 160 MW capacity of the 320 MW Bhainsara solar project in Jaisalmer, Rajasthan. With this commissioning, NTPC’s total installed and commercial capacity has increased to 76,294 MW. NTPC REL, a step-down subsidiary of NTPC Ltd through its wholly owned subsidiary NTPC Green Energy Ltd, has commenced commercial operations of the new capacity, effective from August 28, according to a regulatory filing by the company.

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JSW secures contract for 300 MW wind-solar hybrid project from NTPC

India, News

JSW Neo Energy, a subsidiary of JSW Energy, has secured a letter of award (LoA) from NTPC to develop a 300 MW ISTS-connected wind-solar hybrid power project. This award comes from NTPC’s tariff-based competitive bid for 1,000 MW hybrid power projects (NTPC-Tranche-VI). With this new project, JSW Energy’s total locked-in generation capacity has increased to 16.7 GW, including a hybrid capacity of 2.6 GW. The company aims to expand its generation capacity to 20 GW…

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Zelestra signs 25-year deal to supply electricity from 450 MW solar project in Rajasthan to NTPC

India, News

Spanish renewable energy company Zelestra has signed a 25-year power purchase agreement (PPA) with state-owned NTPC to supply electricity from its upcoming 450 MW solar project in Rajasthan. The project is expected to generate approximately 801 GWh annually. Over the course of the agreement, the project is projected to reduce carbon emissions by 13,555,774 metric tons. This solar project is part of Zelestra India’s broader strategy to build a diverse portfolio of over 6 GW…

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NTPC seeks shareholder approval to raise Rs 120 billion via NCDs

India, News

State-owned power giant NTPC will seek shareholder approval to raise up to Rs 120 billion by issuing Non-Convertible Debentures (NCDs) on a private placement basis at its annual general meeting on August 29. The board of directors approved the proposal on June 29, 2024, recommending the passing of a special resolution to raise the funds over the next 12 months. NTPC is in a capacity expansion mode, and a significant portion of its capital expenditure…

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NTPC’s performance highlights, financial results for Q1 FY25

India, News

NTPC Limited has released its key performance highlights and unaudited financial results for the quarter ending June 30, 2024. Let’s have a look at the key performance highlights. Installed and Commercial Capacity As of June 30, 2024, NTPC’s installed capacity reached 76,048 megawatts (MW), an increase of 3,024 MW from June 2023. Similarly, NTPC’s standalone installed capacity rose to 59,168 MW, an uptick of 2,130 MW. The commercial capacity stood at 76,048 MW—an increase of…

Power Sector News Roundup for November 21, 2024

Power Bytes

Global: Amazon invests in Greece’s largest wind energy project with three wind farms. China tightens solar PV investment guidelines to address overcapacity. SEC to build publicly owned renewable energy park in Horsham, Australia. Bekevar Wind Farm opens, providing 200 MW of renewable energy in Saskatchewan. Ofgem proposes £5-8 billion fund to accelerate UK energy transmission projects. TVA signs 10-year PPA for 14 GWh carbon-free energy with Smoky Hydro. Octopus Energy and Skyborn prequalified for French…