NTPC wins 325 MW of Shajapur Solar Park in Madhya Pradesh

NTPC Renewable Energy Ltd (NTPC REL) has won the bid to set up 450 megawatts (MW) of solar power projects at Shajapur solar park in Madhya Pradesh.

India’s largest power generation utility quoted the lowest tariff of INR2.35 (US$0.03) per kWh and INR2.33 (US$0.031) per kWh for setting up 105 MW and 220 MW capacity, respectively.

The bid was called by Rewa Ultra Mega Solar Ltd. (RUMSL), a joint venture between state-run Solar Energy Corporation of India (SECI) and Madhya Pradesh UrjaVikas Nigam Ltd, that is bidding out a 1.5 GW capacity at its solar parks at Agar, Shajapur, and Neemuch.