India's NTPC proposes 300-MW solar plant in Andhra Pradesh
Jul 9, 2014 - Indian state-run power group NTPC Ltd (BOM:532555) intends to build a 300-MW solar power plant in the Guntur district of Andhra Pradesh state.
NTPC chairman and managing director Arup Roy Choudhury said so to chief minister N Chandrababu Naidu at a meeting yesterday, the Press Trust of India reported. The group plans to hold a competitive bidding process for the project, to ensure a low power purchase rates for the output of the solar park.
Power producer NTPC has some 95 MW of solar parks in its portfolio and is aiming to boost its renewable energy capacity to 1,000 MW by 2017.
Last month, the Economic Times cited the renewable ministry’s joint secretary as saying that India intends to invite bidding in July-August for 1,500 MW of solar projects. This will represent the second batch under the Jawaharlal Nehru solar mission’s phase II that aims to install 10,000 MW of capacity by 2017.