NTPC to build Indias biggest solar park in Gujarat
India's largest energy conglomerate NTPC Ltd. has unveiled its plans to set up a 5 gigawatt (GW) solar park in Gujarat. This solar park is expected to be the biggest in the country. The move of the company is toward cleaner energy.
NTPC has located a spot in Gujarat for the project. The estimated cost for the project is Rs.250 billion. The project will begin in the year 2024.
It is also expected that the company might invite bids from developers to set up projects in the park.
Reason for the new plant:
NTPC is also planning to build a new 500 megawatt hydropower project in the northern state of Himachal Pradesh. It is a part of PM Narendra Modi's target to achieve 175 gigawatts of renewable capacity in the South Asian nation by 2022
India's largest energy conglomerate NTPC Ltd. has unveiled its plans to set up a 5 gigawatt (GW) solar park in Gujarat. This solar park is expected to be the biggest in the country. The move of the company is toward cleaner energy.
NTPC has located a spot in Gujarat for the project. The estimated cost for the project is Rs.250 billion. The project will begin in the year 2024.
It is also expected that the company might invite bids from developers to set up projects in the park.
Reason for the new plant:
- The plan of the solar park is a part of the NTPC’s aim to build 32GW of renewable capacity by 2032. Also, the company aims to reduce the share of fossil fuels in its energy mix to 70% from about 96% now.
- Recently, the Central government has laid regulations to cap emissions from coal-fired power plants. This have also triggered the NTPC to turn to green energy for growth.
NTPC is also planning to build a new 500 megawatt hydropower project in the northern state of Himachal Pradesh. It is a part of PM Narendra Modi's target to achieve 175 gigawatts of renewable capacity in the South Asian nation by 2022
