An agreement regarding the supply of electricity from a 50 mw solar plant, has been proposed by State-run generation utility NTPC to Madhya Pradesh Power Trading Company (MP Tradeco).
NTPC has also tied up in form of a joint venture with the Asian Development Bank (ADB) and Japan’s Kyuden International Corporation (Kyushu) for generation of 500 mw from renewable sources in the next five years.
On the basis of such biggest unit agreement in the country, NTPC proposes to build the solar power plant at Rajgarh and start feeding the grid by 2013. Such the solar power deal has been decided when govt. made clarification from all Central public sector companies to set up renewable energy projects as part of efforts to boost sustainable development.
A statement stated by NTPC, “The solar power deal announced on a day the government asked the ministry of heavy industries and public enterprises has asked all such entities to set up renewable energy projects or voluntarily purchase renewable energy certificates (RECs), usually each of which is equal to one mw of power.”
However a report said that NTPC operates 15 coal-fired and seven gas-based units on its own, besides six joint venture power stations. It plans to establish 128,000 mw of generation capacity by 2032.
Moreover Rs 15,166.19 crore has been invested by the country’s largest power producer on the most awaited Karnataka’s upcoming 2,400 mw Kudgi super thermal power project, which is still waiting for the approval of ministry of environment and forests. But the NTPC board has given approval for Rs 18,346 crore worth investment proposals for two power projects.
