NTPC and Gujarat Power Corporation (GPCL), on 20 March 2010, signed an MoU for development of 500 MW renewable energy based projects, preferably wind and solar energy.

The MoU envisages setting up of green-and-clean energy projects at an investment of Rs 4,000 crore and the coal based project costing around Rs 5,000 crore.

As per the MoU, NTPC is expected to fund the projects while GPCL will assist in identifying suitable location, clearances from the state government agencies and power evacuation.

Of 500 MW projects, a 50-MW solar power project is likely to be set up by NTPC at either Kachchh or Banaskantha district in the state at an investment of Rs 500 crore. A 250- MW wind power project is likely to come up in Kachchh district.

Besides, NTPC is keen to set up a 1,000-MW coal based power station at Khambhat, off Gulf of Cambay in Anand district of Gujarat. In this regards, the state government is likely to sign an MoU with NTPC soon.

Also See:

NTPC Simhadri Stage II project to be ready by March 2011 (20-Mar-10) 

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