NTPC to Capitalize Rs 25,000 Crores to Set Up Largest Solar Park in Kutch

The company also anticipates to disconnect some of its coal-based capacity from morning till evening to make way for inexpensive solar and wind power generation, said a senior company official. Also, it plans to set up solar power plants of 1,000-MW capacity which will sell electricity in the open market

September 19, 2019. By News Bureau

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NTPC has announced that it will not commence any new coal-based generation for the next few years as part of procedures to cut its carbon footprint and has decided to capitalize about Rs 25,000 crore to set up one of the world’s largest solar parks at Kutch in Gujarat. The solar park will be developed in stages over the next five years.

The company also anticipates to disconnect some of its coal-based capacity from morning till evening to make way for inexpensive solar and wind power generation, said a senior company official. Also, it plans to set up solar power plants of 1,000-MW capacity which will sell electricity in open market.

NTPC’s plan to acquire renewable power from plants across the country and bundle it with its coal-based generation will be executed in a month.

“We will not set up coal-based power plants for the time being. We are setting up solar plants at Bilhor in Uttar Pradesh and Barethi in Madhya Pradesh where originally coalfired plants stations were planned,” said the official. “Don’t be surprised if in the next three-four years, we may have to stop coal-based plants from morning to evening.”

The government regulations to cap emissions from coal-fired power plants, which increase the costs of building such projects, have also prompted the company to turn to green energy for growth.

The company is expecting subsidy from the central government and is open to awarding contracts to private companies or on a turnkey basis to set up the projects. It will procure the electricity generated from these projects, bundle it with its produce and sell it to the distribution companies and avoid state government interventions.

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