New Delhi: State-run electricity generator NTPC has won 160 Megawatt (Mw) of solar capacity in a reverse auction held the UP government. Out of the the total 160 Mw; 140 Mw was won at a tariff of Rs 3.17 per Kwh and 20 Mw was won at a tariff of Rs 3.21 per Kwh. This is the first time NTPC has participated in tariff based bidding of solar projects. "The 160 Mw of solar projects shall be set up by NTPC under EPC mode and shall add to it's installed capacity," the company said in a statement.
NTPC participated in the tender floated by Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) for 500 Mw grid connected solar projects.