Regulatory Developments in Renewable Sector April 29, 2025

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  CERC finalises tariff for NTPC’s 92 MW floating solar plant in Kerala The Central Electricity Regulatory Commission (CERC) has determined the levelized project-specific tariff for NTPC’s 92 MW floating solar photovoltaic (PV) project at Rajiv Gandhi Combined Cycle Power Project, Kayamkulam, Kerala. The order was passed in response to two petitions—Petition No. 357/MP/2023 by Kerala State Electricity Board Limited (KSEBL) and Petition No. 66/GT/2024 by NTPC Limited. The plant was commissioned on 24 June…

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NTPC and Bihar discuss nuclear power plant in Nawada district

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NTPC Limited is currently in talks with the Bihar government to set up a nuclear power plant in the Nawada district.  The state has formally approached the Ministry of Power, requesting that Bihar be considered for this major nuclear project.  The proposed plant is set to be developed as an independent initiative, with water potentially sourced from the nearby Phulwaria dam to meet the plant’s extensive water needs. The discussions suggest that additional water may…

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Evren signs PPA with NTPC for 300 MW FDRE renewable energy project

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Evren, a joint venture (JV) between Brookfield Renewable India and Axis Energy Ventures India Private Limited, has signed a 25-year Power Purchase Agreement (PPA) with NTPC Limited for the 300 MW FDRE ISTS-Connected Renewable Energy Project (Tranche-II) in India. The project, which was awarded to ABC Cleantech Private Limited (ACPL), an Evren Group company, follows a successful bid in March 2024. ACPL won the 300 MW Firm and Dispatchable Renewable Energy (FDRE) capacity under NTPC’s…

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BrightKnight and Hero Future Energies ink deals with NTPC for RE projects

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BrightKnight and Hero Future Energies (HFE) have signed 25-year power purchase agreements (PPAs) with NTPC Limited. The agreements, finalized on April 15, 2025, cover the development of a combined 230 MW of Firm and Dispatchable Renewable Energy (FDRE) projects. These projects will be connected through the Inter-State Transmission System (ISTS), offering reliable, renewable energy from wind-solar hybrid sources coupled with energy storage systems. The installations can be developed anywhere in India under NTPC’s Tranche-II FDRE…

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Serentica Renewables signs PPA with NTPC for 200 MW RE project

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On April 15, 2025, Serentica Renewables India Private Limited (SRIPL) signed a 25-year power purchase agreement (PPA) with NTPC Limited for the development of a 200 MW Firm and Dispatchable Renewable Energy (FDRE) project. The project is part of NTPC’s Tranche-II FDRE auction and will be connected to the Inter-State Transmission System (ISTS). The agreement follows Serentica Renewables’ success in securing the 200 MW FDRE capacity under NTPC’s Tranche-II auction held in March 2024. During…

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TPREL signs 25-year PPA with NTPC for 200 MW FDRE project

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Tata Power Renewable Energy Limited (TPREL) signed a 25-year power purchase agreement with NTPC Limited on April 14, 2025. The agreement covers the development of a 200 MW Firm and Dispatchable Renewable Energy (FDRE) ISTS-connected project under Tranche-II of NTPC’s FDRE scheme. TPREL had secured the project in March 2024 through NTPC’s Tranche-II auction by quoting a tariff of Rs 4.71 per kWh. NTPC had invited bids for 3,000 MW capacity in October 2023. The…

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NTPC-CEB joint venture begins 50 MW solar project in Sri Lanka

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Trincomalee Power Company Limited (TPCL), a 50:50 joint venture between NTPC Limited and Sri Lanka’s Ceylon Electricity Board (CEB), has started work on a 50 MW solar project in Sri Lanka’s eastern province. This marks a key step in cross-border energy cooperation. The project is part of a larger plan to develop 120 MW of solar capacity in phases. Phase I, comprising the initial 50 MW, has secured both the power purchase agreement with CEB…

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NTPC invites bids for feasibility study on SMRs at old thermal plants

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NTPC Limited has invited bids from enlisted consultancy firms to conduct feasibility studies for installing small modular reactors (SMRs) at decommissioned thermal power stations (TPS). The tender was issued on 7 April 2025, with the last date for submission set for 18 April 2025. The shortlisted firms include Deloitte Touche Tohmatsu India, EY, KPMG Advisory Services, PwC, A. T. Kearney, McKinsey & Company, Boston Consulting Group (BCG), Bain & Company, Accenture Solutions, Oliver Wyman, Egis…

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GE Power wins Rs 382 million order from NTPC for Talcher expansion

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GE Power India Limited has received a contract worth Rs 382 million from NTPC Limited for the supply of generator parts for the Talcher Thermal Power Station Expansion Project (Stage III). The award was confirmed on April 2, 2025. The scope of work is expected to be completed within 40 months. NTPC is expanding the capacity of the existing 460 MW Talcher Thermal Power Station (TTPS) in Angul district, Odisha, by adding 1,320 MW (2×660…

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NTPC invites EOI for large-scale nuclear power projects in India

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NTPC Limited has invited Expression of Interest (EOI) bids for partnerships in developing large-capacity pressurized water reactor (PWR) nuclear power plants in India.  The bid, announced on March 26, 2025, aims to indigenize PWR technology and establish reactors of 1,000 MW and above, subject to government approval. The last date for bid submission is May 9, 2025. The move aligns with India’s goal of achieving 100 GW of nuclear power capacity by 2047 and reducing…