The fact that NTPC is looking to set up solar power project without signing a PPA is reflection of the confidence that the power major has in being able to find buyers for the solar power generated by the project. Indian energy company the National Thermal Power Corporation ( NTPC ) could develop a solar power project without signing power purchase agreements ( PPAs ) with distribution companies . The International Renewable Energy Agency has said India was the world ’s cheapest solar energy producer . NTPC said if that was so , the companies would buy the power without hurdles , with the electricity sold through platforms including power exchanges . The date and location of the barrier - free project has not been released , but India currently has 11 solar schemes generating 870 MW within its total capacity of 55 GW .
Indian energy company the National Thermal Power Corporation ( NTPC ) could develop a solar power project without signing power purchase agreements ( PPAs ) with distribution companies . The International Renewable Energy Agency has said India was the world ’s cheapest solar energy producer . NTPC said if that was so , the companies would buy the power without hurdles , with the electricity sold through platforms including power exchanges . The date and location of the barrier - free project has not been released , but India currently has 11 solar schemes generating 870 MW within its total capacity of 55 GW .