NTPC Boosts Solar Power Capacity to 75 Megawatts

NTPC Ltd. (NTPC) more than doubled its solar capacity to 75 megawatts as India’s largest electricity generator seeks to diversify its portfolio of conventional power plants to help overcome fuel shortages.

Three new solar plants comprising 45 megawatts of capacity are ready for commercial operation, the company said today in a filing. The projects are at Faridabad in Haryana state, Unchahar in Uttar Pradesh and Rajgarh in Madhya Pradesh.

The utility, which has 43,000 megawatts of mostly coal-fired capacity, has been forced to increase its purchases of expensive coal imports due to domestic fuel shortages. It plans to develop 1,000 megawatts of renewables by 2017.

NTPC also completed a 10-megawatt photovoltaic project in Talcher in eastern Odisha state this month, according to an e-mail. That plant will sell its power under a long-term contract to the Damodar Valley Corp., the grid that connects the state electricity boards of Jharkhand, West Bengal and Odisha states.

NTPC has also built three solar plants in the Andaman and Nicobar islands, Dadri in Uttar Pradesh and Ramagundam in Andhra Pradesh state.

To contact the reporter on this story: Natalie Obiko Pearson in New Delhi at npearson7@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Randall Hackley

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