NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Green Energy Limited (NGEL), has secured 1000 MW of solar capacity in an e-reverse auction conducted by Uttar Pradesh Power Corporation Limited (UPPCL) on January 3, 2025. The auction was part of a tender to develop 2000 MW of ISTS-connected solar PV projects in India under tariff-based competitive bidding, showcasing NTPC REL’s strong commitment to renewable energy expansion.
NTPC REL emerged as a successful bidder with an impressive tariff of Rs. 2.56/kWh. The company is now awaiting the Letter of Award (LOA) from UPPCL to proceed with project development and start the construction of the project.
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