NTPC to Empower India With 10GW of Solar Energy Generation

National Thermal Power Corporation (NTPC) aims to bring 10GW of solar energy generation capacity by 2022 with the help of investment of Rs. 50,000 crore, to be raised majorly through Green Bonds. The company is determined to launch the project in a way that the tariff remains below Rs. 3.

Crux of the Matter
  • Currently, NTPC has 920MW of renewable energy resources, majorly constituting of solar energy.
  • It plans to increase its overall capacity to 130GW by 2032. Renewable energy capacity would constitute around 30% of the total.
  • During this fiscal, the company aims to tender 2,300MW of solar energy capacity as a part of India’s vision to deploy 175GW of clean energy by 2022.
  • NTPC aims to make arrangements that keep the tariff value below Rs. 3. It has also planned to sell the electricity to industries, commercial users, and at the soon-setting-up energy exchange.
  • NTPC is exploring economical borrowing options. It is more inclined towards raising money from domestic green bonds.

The Indian Energy Exchange (IEX) is an electronic system based power trading exchange regulated by the Central Electricity Regulatory Commission (CERC). IEX started its operations on June 27, 2008. Indian Energy Exchange pioneered the development of power trading in India and provides an electronic platform to the various participants in power market, comprising State Electricity Boards, Power producers, Power Traders and Open Access Consumers (both Industrial & Commercial). IEX is one of the two operational Power Exchanges in India. Ever since its incorporation, it has held an influential market share. IEX operates a day-ahead market based on closed auctions with double-sided bidding and uniform pricing; it has over 3,800 registered clients, over 300 private generators and more than 3,300 industrial electricity consumers. More Info