State-run power giant NTPC on Wednesday said its arm NTPC REL has received a letter of award (LoA) for 325 MW solar projects in Madhya Pradesh from Chief Minister Shivraj Singh Chauhan
NTPC plans to list its arm NTPC Renewable Energy Ltd in 2022-23, to raise funds for achieving its ambitious target of 60 GW installed renewable energy capacity by 2032
NTPC had earlier said it has signed pacts with cab aggregators Ola, Lithium, Shuttl, Bikxie, Bounce, Electrie and Zoom Car for creation of public charging infrastructure for electric vehicles.
Company has identified a few locations already, is also exploring spot sales of solar power without getting into PPAs
The move is in line with the Centre's proposal to introduce flexibility in generation scheduling. It provides flexibility for substituting thermal by renewable power