29 C
Tuesday, August 11, 2020

NTPC to acquire solar projects not running on Chinese equipment

- Advertisement -

NTPC acquires Centre's stake in NEEPCO, THDC for Rs 11,500 croreBy Subhash Narayan

In a major acquisition spree, country’s largest power producer NTPC has invited bids to buy operational solar power projects with unspecified capacity.

This is the first time that the state-owned power generator has evinced interest in acquiring operational solar projects. Earlier, the company had invited bids to procure solar power and set up projects.

The acquisition plan is part of NTPC goal to add 10GW of solar generation capacity by 2022, with an investment of around Rs 50,000 crore.

To support government’s Atmanirbhar Bharat mission and development of domestic capacities, NTPC has decided to acquire only such plants that are being operated using local equipment and not largely based on imported solar cells and modules.

The last date for the submission of techno commercial bids is September 22 and the financial bid or price bid opening would be intimated later after opening the techno commercial bids.

To get wider participation, NTPC has invited selling bids from promoters, lenders, financial intermediaries power generation companies and independent power producers.

The NTPC’s acquisition plan is expected to be lapped up by several solar power generators looking to exit the sector after facing regulatory hurdles and difficulties in pricing power on renewed terms that some states are now pushing.

Follow Us For Latest Updates -

India Updates
India Updates is an independent news & Information website. Follow us for regular updates on News and Information.

Related News


Please enter your comment!
Please enter your name here

Trending Topics

Covid 19 India Updates

74% in rural India satisfied with Modi govt’s handling of Covid situation

New Delhi, Aug 10 (IANS) Almost three-fourth of rural India is satisfied with the manner in which the Narendra Modi government has handled the...

Trending Right Now

NCA plans athlete-centric meeting with state associations

New Delhi (IANS) The National Cricket Academy (NCA) has called for a meeting with state associations on Wednesday to discuss the way forward as...