New Delhi: The NTPC Renewable Energy Limited (NTPC REL)—a wholly owned subsidiary of the National Thermal Power Corporation (NTPC)—will develop 10 gigawatt (GW) ultra mega renewable energy park in Rajasthan. The ambitious project will help NTPC group achieve the target of producing 60GW power from renewable sources by 2032.
NTPC REL has signed Memorandum of Understanding (MOU) with Government of Rajasthan to set up the renewable energy power park in the state. Principal Secretary, Energy Department, Rajasthan, Bhaskar A Sawant and NTPC REL Chief Executive Officer Mohit Bhargava exchanged the MoU at a function held in Jaipur on Friday. Rajasthan Energy Minister Bhanwar Singh Bhati was present on the occasion.
The MOU signing marks another step towards achieving renewable capacity addition targets of NTPC. The NTPC REL has won 4GW renewable energy capacity plants by participating in the bidding process in different areas since less than two years of its inception.
Officials of the NTPC REL said that tenders they had won are under different stages of implementation. Additionally, NTPC REL is developing one UMREPP of 4.75 GW capacity in Rann of Kutch, Gujarat. The company has also entered into a joint venture agreement with Damodar Valley Corporation (DVC) for developing RE Parks and Projects in its territorial command.
Chief Executive Officer of the Centre for Environment and Energy Development (CEED) Ramapati Kumar said that the NTPC’s endeavour to harness the non-conventional sources of energy and help the nation achieve the objective of producing 500GW electricity from non-fossil fuel by 2030, as promised by Prime Minister Narendra Modi at the COP26 summit in Glasgow. Of the total, half of energy is supposed to be generated from renewables.
T Ravikanth, Chairman, RRECL, Anil Dhaka, MD, RRECL, Rajiv Gupta, CGM, NTPC REL along with other officials from Government of Rajasthan and NTPC REL attended the event.
