NTPC wins 40-MW solar project in UP

NTPC, which participated in the UPNEDA’s tender for 500-MW solar capacity, on Tuesday won bids for 40-MW of solar capacity. The company had bid for two 20-MW each at Auraiya and Rihand. The reverse auction was carried out on Tuesday and NTPC won the entire 40-MW of solar capacity bid at a levelised tariff of ₹3.02/kWh applicable for 25 years. These projects would be set up by NTPC under the EPC mode. Shareholders will closely monitor the execution by NTPC.