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NTPC wins 85MW solar projects in UPNEDA's 550 MW solar tender

Capital Market 

NTPC announced that the company participated in the 550 MW tender floated by Uttar Pradesh New and Renewable Development Agency (UPNEDA) for grid-connected Solar projects.

In the Reverse Auction held on 03 December 2018, NTPC has participated for 85 MW Solar capacities and has won the entire capacity bid by it, at a levelised tariff of Rs.3.02/unit, applicable for 25 years.

The above 85 MW of solar projects shall be set up by NTPC and shall add to the installed capacity of NTPC.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, December 05 2018. 10:55 IST