NTPC arm is nodal agency for first phase of national solar mission

20 Dec 2010

1

NTPC's wholly-owned subsidiary NTPC Vidyut Vyapar Nigam Limited (NVVN) will be the nodal agency for Phase-I of the Jawaharlal Nehru National Solar Mission (JNNSM).

The national solar mission of the ministry of power, targets to operationalise 1,000 MW of grid connected solar power projects by 2013.

The subsidiary will purchase power from solar power developers and bundle it with equivalent capacity of unallocated power from NTPC's coal-fired stations for sale to state utilities/DISCOMs, the country's largest power producer informed the Bombay Stock Exchange (BSE) today.

NTPC said that the NVVN, at a board meeting held on 17 December 2010, approved the proposal for entering into power purchase agreements with 37 solar power developers for a cumulative capacity of 620MW.

The partnership comprises agreements with 30 solar power developers for 150MW of solar PV projects and seven developers for solar thermal projects of 470MW capacity under Phase-I in the first batch of the JNNSM.

This is in addition to the already available 84MW power capacity under the migration scheme of MNRE under JNNSM.

The power purchase agreements are expected to be signed before January 2011, NTPC said.

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers