The Cabinet on Wednesday approved 15,000 Mw of grid-connected solar power projects of state-owned National Thermal Power Corporation Limited (NTPC). This target is in line with the National Democratic Alliance government's ambitious target of 100,000 Mw of solar power by 2022.
The NTPC would execute this scheme in three tranches through its wholly owned power trading arm NTPC Vidyut Vyapar Nigam. The entailed investment for the first phase is Rs 18,000 crore. Land for 1,000 Mw out of the first tranche of 3,000 Mw has been identified in Andhra Pradesh.
Another facility with 5,000-Mw capacity will be set up with the government support will be decided after getting some experience while implementing first phase and the balance 7,000 Mw.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.