NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Green Energy Limited (NGEL), has successfully secured 300 MW in an e-reverse auction conducted by NHPC Limited. The auction focused on selecting solar power developers for setting up 1200 MW (1.2 GW) ISTS-connected solar power projects across India, featuring 600 MW/1200 MWh energy storage systems (ESS) under a tariff-based competitive bidding process with a Green Shoe Option.
NTPC REL won the bid with a tariff of ₹3.09/kWh. As per the Request for Selection (RFS) requirements, the project will include a 150 MW/300 MWh energy storage system to ensure enhanced reliability and efficiency in solar power generation.
The auction concluded on January 23, 2025, and NTPC REL now awaits the issuance of the Letter of Award (LOA) from NHPC Limited.
