India’s NTPC to bid out another 5GW over next three years

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The capacity will be for private development with guidelines expected to come out shortly. Credit: NTPC

India’s largest utility NTPC, responsible to driving much of the PV allocation in the National Solar Mission (NSM) so far, is to tender another 5GW over the next three years.

Jasmeet Khurana, associate director, consulting, at Bridge to India, said that while this capacity is part of India's solar plans, the timelines and the basis for allocation of this capacity have been unknown.

Khurana added: “Bundling of power will not be the basis for allocation. We are waiting to find out the mechanism for allocation. The government has been mulling options such as dollar denominated bids, lower cost of finance and just aggregation of demand without any incentive.”

The capacity will be for private development with guidelines expected to come out shortly.

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