NTPC Green Energy Shares: There may be movement in the shares of NTPC Green Energy Limited during trading on Monday, January 6. In fact, its wholly owned subsidiary, NTPC Renewable Energy Limited, has won a solar power contract with a capacity of 1000 MW in an e-reverse auction conducted by Uttar Pradesh Power Corporation Limited (UPPCL). This auction was held on January 3, 2025. Its objective was “to select solar energy developers to set up 2000 MW Inter-State Transmission System (ISTS) connected solar PV power projects in India”.
NTPC Renewable Energy Limited has acquired capacity of 1000 MW at a tariff of ₹2.56 per unit. At present the company is waiting to receive the Letter of Award (LOA) from Uttar Pradesh Power Corporation Limited (UPPCL).
Earlier, NTPC Green Energy Limited had recently announced the commercial launch of the first part of its 200 MW solar project in Gujarat. The company said in a communication sent to the stock exchanges on December 27 that it has commercially started the first phase of its solar PV project located in Sadla, Gujarat.
The company said it announced commercial operation of 37.5 MW in the first phase. The project became effective from December 21, 2024, after receiving the certificate from Gujarat Energy Development Agency (GEDA) on December 26. The entire project is of 200 MW, which was acquired by NTPC Renewable Energy Limited under the GUVNL/500 MW/Solar (Phase XI) tender.
With the commencement of Phase I of the Gujarat Project, the total installed and commercial capacity of NTPC Group now stands at 76,598.18 MW. Shares of NTPC Green Energy closed at Rs 128.10 with a rise of 0.12 per cent on NSE on Friday, January 3, 2025.
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