The company has recently received the approval of the Union ministry of new and renewable energy to set up a 4,750 MW renewable energy park at Rann of Kutch in Khavada, Gujarat.NTPC Renewable Energy has emerged the winner for 325 mega-watt (MW) of solar capacities in the auction for 450 MW of solar plants to be built at the Shajapur solar park in Madhya Pradesh. The company quoted the lowest tariff of Rs 2.35/unit for 105 MW and Rs 2.33/unit for another 220 MW solar capacity. As many as 15 bidders were shortlisted to participate in the auction conducted by state-run Rewa Ultra Mega Solar (RUMSL).
According to sources, SolarArise, which is jointly backed by funds managed by Kotak Mahindra, European Investment Bank and UK-based ThomasLloyd Group, has won the remaining 125 MW capacity against a tariff of Rs 2.34/unit.
As much as 25% solar power from the project will be supplied to the Indian Railways across seven states. “Rather than forcing unwilling discoms to buy renewables, we…
