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NTPC Plans Third Solar Power Plant to Mitigate Fuel Risk

July 10 (Bloomberg) -- NTPC Ltd., India’s largest electricity generator, has begun construction of a third solar power plant to help mitigate the risk of fuel shortages faced by its coal-fired projects.

The utility awarded the contract to build the 5-megawatt plant at Jhajru village in the northern state of Haryana to Eversun Energy Pvt., NTPC said in an e-mailed statement. Enmas GP Power System Projects Ltd. will connect the plant to the grid.

NTPC, which has completed a 5 megawatt solar plant at Dadri in Uttar Pradesh state and another of similar capacity at Port Blair in the Andaman & Nicobar islands, has an additional 85 megawatts under construction. The plants will help NTPC broaden its generation mix “to ensure long-run competitiveness and mitigate fuel risks,” according to the statement.

NTPC, which has 41,000 megawatts of mostly coal-fired capacity, has been forced to increase its purchases of expensive coal imports due to domestic fuel shortages. The utility plans to develop 1,000 megawatts of renewables by 2017.

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

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

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