Indian power producer NTPC plans to invest Rs60bn (approximately $10bn) over the next five years for 10,000MW of renewable power generation in the country.
Around 1MW of solar power generation in India requires an investment of Rs60m, The Economic Times reported.
Go deeper with GlobalData
NTPC, a central public sector undertaking under the Indian Ministry of Power, has a generation capacity of 43,143MW.
Its renewable capacity is 110MW, which has generated 100 million units of power in the current fiscal year.
The fir has already initiated tenders for four 250MW solar projects, one each in the states of Andhra Pradesh, Madhya Pradesh, Telengana and Rajasthan, India.
See Also:
Tender invitations have also been sent out for an additional 500MW solar project in Rajasthan.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe first of the four 250MW projects to be awarded is located in Anantapur, Andhra Pradesh, the NTPC announced in a statement.
The company is presently exploring land availability and PPA arrangement options in other Indian states, including Chhattisgarh, Uttar Pradesh, Puducherry and Gujarat.
Image: NTPC plans to invest $10bn for green energy projects in India. Photo: courtesy of franky242 / Freedigitalphotos.net.
