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NTPC Signs PPA with AP Power Utilites for Ultra Mega Solar Power Project (250 MWp) in Andhra Pradesh

24th Apr, 2015

Signing of PPA for Solar Project in AP

NTPC Limited and the Andhra Pradesh power utilities Andhra Pradesh Eastern Power Distribution Company Limited (APEPDCL) and Andhra Pradesh Southern Power Distribution Company Limited (APSPDCL) signed a power purchase agreement(PPA) for procurement of power to be generated from the 250 MW solar power plant, the first phase of the 1,000 mw ultra solar power project being set up by NTPC in Anatapur District in Andhra Pradesh. The PPA was signed in the presence of Shri I. J Kapoor, Director (Commercial), NTPC, Shri Ajay Jain, Secretary, Energy, Govt. of AP, Shri Vijayanand, CMD, APTRANSCO, Shri R.Venkateswaran, RED(South) today in Hyderabad.

Signing of PPA for Solar Project in AP

The tariff on levellised basis for energy supplied from this solar plant has been fixed at Rs 6.16 per unit for a period twenty five years. The power generation cost may further come down with regard to the remaining 750 mw capacity as that portion of the project would be undertaken through global bidding process unlike in the first phase where only the domestic venders were involved, according to I J Kapoor, Director(Commercial) of NTPC. Shri I J. Kapoor informed that the EPC contract for Phase-I 250MWp (5 x 50 MWp indigenous modules ) will be awarded shortly. The land required for the first phase project was already made available to the company by the state government. It is expected to come on stream in 12 months. The Company plans to install 3000 MW of solar PV capacity during the financial year as compared to the existing installed capacity of 110 mw under solar sector, Mr Kapoor said.

In September last year NTPC had signed an MoU with AP government for the development of 1,000 mw solar project, which is largest solar power project at a single location by a single developer, in the state. A total of 5,400 acres of land has been identified for the project, most of which has already been acquired, according to the government officials.

NTPC is India's largest power utility with an installed capacity of 44,598 MW. It is having its presence in thermal (coal & gas) solar and hydro power. NTPC has already installed 110 MW solar based capacity . NTPC is committed to set up 10,000 MW of solar power capacity. By 2032 NTPC plans to be a 1,28,000 MW Company and targets to have 28% of its installed capacity from non-fossil sources.

Caption :

NTPC Limited and the Andhra Pradesh power utilities Andhra Pradesh Eastern Power Distribution Company Limited (APEPDCL) and Andhra Pradesh Southern Power Distribution Company Limited (APSPDCL) signed a power purchase agreement(PPA) for procurement of power to be generated from the 250 MW solar power plant. Seen in the Pic Shri IJ Kapoor, Director (Commercial), NTPC, Shri Ajay Jian, Secy, Energy, Govt. of AP, Shri Vijayanand, CMD, APTRANSCO, Shri R.Venkateswaran, RED(South).


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