NTPC to build 5GW in Gujarat, opens global bids for 1.2 GW

The Indian utility has revealed plans to invest roughly $3 billion in the construction of a 5 GW solar park across two to three locations in Gujarat’s Kutch region. In a separate announcement, the New Delhi-based group opened global bidding to build 1.2 GW of grid-connected solar capacity throughout India.

Gurdeep Singh, chairman and managing director of NTPC, said that the company – formerly known as National Thermal Power Corp. Ltd. – was looking at potentially setting up another massive solar park in Rajasthan. As part of the Gujarat plan, the utility will also invite other solar developers to invest.

In a separate announcement, NTPC launched a global bidding process to build 1.2 GW of grid-connected solar capacity throughout India. The plants – to be connected to the Inter-State Transmission System – will be developed on a build-own-operate basis, with plots of land to be identified and arranged by the selected solar developers.

The projects will be awarded through international competitive bidding, with the tariff ceiling set at INR 2.65/kWh. This will be followed by a reverse auction. Bidding closes on Sept. 2.

Single developers can bid for any project from 50 MW to 600 MW, at a single tariff quoted for the entire bid capacity. Projects can be offered at multiple locations, with minimum project sizes of 50 MW, rising in multiples of 10 MW thereafter.

By Uma Gupta and Preeti Verma Lal

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