The state-owned utility also listed Green Masala Bonds on the Singapore Stock Exchange. Credit: NTPC
India’s largest utility NTPC has invited bids for the development of 250MW of solar capacity in the Pavagada Solar Park in Karnataka.
The capacity will be split into five blocks of 50MW projects. The tender is for the design, engineering, manufacturing, supply, packing and forwarding, transportation, unloading, storage, installation and commissioning of the plants.
In related news, the state-owned utility has also announced the listing of its INR20 billion (US$300 million) Green Masala Bonds on the Singapore Stock Exchange, which will be used for the financing of renewable energy projects.
Masala bonds are Indian rupee denominated bonds issued in offshore capital markets.
This week, India’s fifth largest private sector bank Yes Bank also announced plans to raise INR3.3 billion through the issue of seven-year Green Infrastructure Bonds to the Dutch Development Bank FMO in order to fund solar and wind projects.
The PV IndiaTech 2020 conference will continue to bring together all key domestic and overseas stakeholders, including government bodies, investors, and the leading companies today from manufacturing to O&M and asset management. To thrive globally as a major PV power beyond 2020, India has to succeed in unlocking its potential both to manufacture and to lay claim to quality utility-scale solar farms that are providing high returns on investment to site owners.