State-run power producer NTPC today said It has commissioned 115 MW capacity out of 260 MW of Bhadla Solar Power Project. “With this, the installed capacity of NTPC’s solar power projects touches 475 MW.
The total installed capacity of NTPC on standalone basis has become 41,177 MW and that of NTPC group has become 48,143 MW,” NTPC said in a BSE filing today. NTPC has planned capacity addition of about 1,000 MW through renewable resources by 2017. In this endeavour, NTPC has already commissioned 310 MW solar PV projects. The 50 MW Solar PV at Anantpur in Andhra Pradesh, 260 MW Solar PV at Bhadla in Rajasthan and 250 MW Solar PV at Mandsar in Madhya Pradesh and 8 MW Small Hydro Projects are under implementation, as per the company’s portal.
NTPC intends to become a 130 GW company upto 2032 with a with diversified fuel mix and a 600 billion units company in terms of generation. The company wants share of renewable energy (including hydro) to be 28 per cent. Last year in January, solar power tariff had dropped to a new low, with Finland-based energy firm Fortum Finnsurya Energy quoting Rs 4.34 a unit to bag the mandate to set up a 70-MW solar plant under NTPC’s Bhadla Solar Park tender. Earlier this month, lower capital expenditure and cheaper credit had pulled down solar tariff to a new low of Rs 2.97 per unit in an auction conducted for 750 MW capacity in Rewa Solar Park in Madhya Pradesh. In November 2015, the tariff had touched Rs 4.63 per unit following aggressive bidding by US-based SunEdison, the world’s biggest developer of renewable energy power plants.