The board of power giant NTPC has approved an investment of Rs 323.35 crore in the PSU's first wind power project of 50 MW at Rojmal in Gujarat.
"Board of Directors of NTPC in its meeting held on November 30, 2016 has accorded investment approval for Rojmal Wind Energy Project (50 MW) in Gujarat at an appraised estimated cost of Rs 323.35 crore subject to signing of Power Project Agreement," NTPC said in a BSE filing today.
This will be the first wind energy project of NTPC, a company statement said.
NTPC has drafted its business plan of capacity addition of about 1,000 MW through renewable resources by 2017. In this endeavour, NTPC has already commissioned 310 MW Solar PV Projects.
50 MW Solar PV at Anantpur in Andhra Pradesh, 260 MW Solar PV at Bhadla in Rajasthan and 250 MW Solar PV at Mandsar in Madhya Pradesh and 8 MW small hydro projects are under implementation.
In small hydro segment (upto 25 MW), eight MW hydro energy based project at NTPC-Singrauli in Uttar Pradesh are under execution.
For exploring possibility of geothermal energy, the company has already inked an MoU Chhattisgarh. Feasibility studies in association with the Geological Survey of India are in progress.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)