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 government has also decided to allow private companies to bid for projects that are not covered by an NPC. NTPC said if that was so, the companies should buy the power without hurdles, with the power sold through platforms including power exchanges. The capacity and location of the PPA-free project has not been released, but NTPC 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 should buy the power without hurdles, with the power sold through platforms including power exchanges. The capacity and location of the PPA-free project has not been released, but NTPC currently has 11 solar schemes generating 870 MW within its total capacity of 55 GW.