• National Thermal Power Corporation (NTPC) has given its approval for investments of $467 million in for PV projects in 2 Indian states
  • The total capacity of the projects will be 510 MW
  • The Mandsaur Solar PV Project in Madhya Pradesh to have five projects of 50 MW each
  • Four projects of 65 MW capacity each will be part of the Bhadla Solar PV Project in Rajasthan

State-owned utility company National Thermal Power Corporation (NTPC) has given its official approval for investments in solar power projects in two Indian states. On April 4, 2015, NTPC announced that it will invest 31 billion INR ($467 million) on a total of 510 MW in Rajasthan and Madhya Pradesh (MP).

Last year, NTPC had invited bids for the construction of five projects of 50 MW capacity each for the Mandsaur Solar PV Project in the state of MP, and four PV projects of 65 MW capacity each for the Bhadla Solar PV Project in Rajasthan. The total investment volume will be divided into 15 billion INR for the MP projects and 16 billion INR for the Bhadla Solar PV Project in Rajasthan.

The decision for the investment was taken by the board of directors on a meeting in the last week of March 2016.

Only a day after this announcement, on April 5, NTPC had issued a call for tenders for a 50 MW project in Tamil Nadu (see article NTPC Issues Tender)

NTPC aims to have a power generation capacity of 128 GW by 2032, with a portfolio of 10 GW solar PV in the next five years as part of its renewable energy obligation. As of September 22, 2015, the utility company had an installed PV capacity of 110 MW.