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NTPC receives license from CERC for inter-state trading in electricity

Thursday, 11 Jul 2019
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NTPC has received licence from the Central Electricity Regulatory Commission (CERC) for inter-state trading in electricity in the whole of India. However, NTPC won't be able to trade electricity generated by it, but will have to purchase and sell power involving other entities.

The licence will help NTPC to implement renewable energy projects, especially solar and wind energy, across the country. It will also enable execution of the Ministry of New and Renewable Energy's (MNRE) plan for aggressive bidding for 20,000 MW for installation of solar power projects.

NTPC has been identified as the nodal agency. As part of MNRE's plan, NTPC has selected wind and solar power project developers for implementation of these projects. It will procure cumulative capacity of 1,150 MW wind power and 2,000 MW solar PV under build, own and operate (BOO) basis with minimum project size of 50 MW.

Currently NTPC, through its arm NTPC Vidyut Vyapar Nigam, is engaged in short-, medium- and long-term power trading, solar bundled power, cross border power trading, power swap agreement and trading of power and renewable energy certificate on power exchanges.

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