NTPC, formerly known as National Thermal Power Corporation Limited has planned to set up India’s biggest Solar Park in the state of Gujarat, India. The capacity of the park is envisaged to be 5 GW with expected cost of Rs. 25,000 Cr. The site has been already identified at Kutuch in Gujarat and Solar park is expected to be operational in phases by 2024. For setting up the project company shall soon be inviting bids from the developers.
NPTC’s Broader Green Plan
NTPC plans to shift towards greener and cleaner energy and is taking measures to reduce its carbon footprints. The company aims to achieve 32 GW of renewable energy by 2032, which in-return shall help the company reduce share of fossil fuels in its energy mix to 70% from current 96%. Apart from the solar park, NTPC is also planning to set up two hydro-power plants of 520 MW total capacity in Himachal Pradesh. This shall be another step by NTPC to achieve its target of renewable energy. Also, NTPC plans of not taking up any new coal-based generation plants.
India’s Non-Hydro Renewable Energy Push
Earlier in 2017 during Paris Climate agreement, India’s commitment was made towards creation of 175 GW non-hydro renewable energy by 2022. Now, on 23rd September 2019 in USA at United Nations Climate Action Summit Prime Minister Narendra Modi announced increasing the target of renewable energy capacity to 400+ GW by 2030.
About the company: NTPC is an Indian Public Sector Undertaking working in electricity generation. NTPC is India’s largest power utility operating from 55 locations in India. It’s total installed capacity as of July 2019 is 55,786 MW (including JVs).