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India's National Thermal Power Corporation sets PV targets

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Published by Mars February 17,2020

    Indian National Thermal Power Corporation (NTPC) recently announced that the company has determined its photovoltaic power generation goals. By fiscal year 2021/2022 (April 2021-March 2022), the company's photovoltaic power installation will be 10 GW, with an estimated investment of 5000 Crores.
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    According to the NTPC, in accordance with the above goals, the tender for a 2.3 GW photovoltaic power generation project will be completed this fiscal year. The development of 4 GW photovoltaic power generation projects will be completed in FY 2020/2021 and FY 2021/2022 respectively.
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     It is understood that the total installed capacity of renewable energy power generation facilities currently operated by NTPC exceeds 920,000 kilowatts (kW), including 11 photovoltaic power generation projects with a total installed capacity of 870,000 kilowatts; and another 50,000 kilowatts of hydropower projects. The company's long-term goal is to expand its total installed power generation capacity to 130 GW by FY2032, of which renewable energy accounts for 30%.

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