The tender was aimed at the “Selection of Solar Power Developers for Setting up 2000 MW ISTS-connected Solar PV Power Projects in India under Tariff-Based Competitive Bidding” and was conducted on January 3.
NTPC Renewable Energy Limited has won the bid for a 1000-MW in Uttar Pradesh. According to a filing on BSE on January 4, the renewable energy company emerged as a successful bidder in the e-reverse auction conducted by Uttar Pradesh Power Corporation Limited (UPPCL).
The tender was aimed at the “Selection of Solar Power Developers for Setting up 2000 MW ISTS-connected Solar PV Power Projects in India under Tariff-Based Competitive Bidding” and was conducted on January 3.
According to the release, NTPC Renewable Energy has secured a capacity of 1000 MW at a tariff of Rs 2.56/kWh and is currently awaiting the Letter of Award (LOA) from UPPCL.
NTPC Renewable Energy is a wholly-owned (unlisted) subsidiary of NTPC Green Energy. The stock for NTPC Green Energy closed at Rs 128.10 on January 5, around 0.12 percent higher. The stock has gained around 5 percent since listing on November 27.
