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NTPC to set up five GW solar park in Gujarat

Wednesday, 18 Sep 2019
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NTPC is planning to set up five GW solar park in Gujarat, which will be the biggest in the country. The company has identified a site which is expected to cost as much as Rs 25,000 crore (USD 3.5 billion). The park will begin operations by 2024.

The company may also invite bids from developers to set up projects in the park. The plan is part of NTPC’s aim to build 32 GW of renewable capacity by 2032 and reduce the share of fossil fuels in its energy mix to 70 percent from about 96 percent at present.

In addition, NTPC is considering building a new 500 MW hydropower project in Himachal Pradesh, where it already operates one such plant.

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