The company said in a statement that it has secured land and financing for this project, which was auctioned by NTPC, and designated under National Solar Mission for a total capacity of 1,000 MW of solar power projects at Kurnool Ultra Mega Solar Park.
The solar park is being developed by Solar Park Implementation Agency (SPIA) and Andhra Pradesh Solar Power Corporation Limited (APSPCL), it said.
"The tariff on the project will be Rs 5.12/ kWh (USD 0.077) and the company will supply power to NTPC for a duration of 25 years. The project is expected to get commissioned by second quarter 2017," the statement added.
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