NTPC Ltd has signed a power purchase agreement (PPA) with MP Tradeco in Bhopal for supply of power from 50 MW solar PV (photovoltaic) power plant to be set up at Rajgarh in Madhya Pradesh.
Expected to be commissioned by the year 2013, the 50-MW solar power from Rajgarh Solar PV shall be bundled with unallocated power from upcoming coal-based stations of NTPC by Government of India, according to a statement from NTPC.
The PPA was signed by Mr. M.K.V. Rama Rao, Executive Director (Commercial), NTPC, and Mr P.K. Vaish, Managing Director, MP Tradeco, in presence of Mr I.J. Kapoor, Director (Commercial), Mr S.N. Ganguli (RED-West-II) and Mr Mohammad Suleman, Secretary (Energy), Government of Madhya Pradesh, and other senior officials.
MORE PROJECTS
NTPC, the country's largest power generating company, is in the process of building a large portfolio of non-conventional energy projects, including solar PV projects in Karnataka, Rajasthan, Gujarat, Madhya Pradesh, Andhra Pradesh and other States.
The company has also finalised plans to set up a 25-MW solar PV project close to the Ramagundam super thermal power plant with an outlay of about Rs 140 crore for the phase one of 10-MW project. The company plans to install all of the 25 MW at the site in AP by 2013, according to sources in the company.
In Karnataka too, the company has entered into power purchase agreements with the Karnataka Government Corporation for setting up solar PV farms. Due to low gestation period, some of the NTPC plants are expected to be operational by next year.
The company's medium term plan is to have an installed capacity of about 1,000 MW of from non-conventional energy sources including solar PV, solar thermal and wind energy farms.