NTPC will be investing INR60bn (nearly $10bn) for renewable power generation over the next five years in India.
The firm plans to increase its power generation capacity with 10,000MW of clean energy projects, reports The Economic Times.
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The projected investment is based on the cost estimates for 1MW solar power generation in the country, which is around INR60m.
The entity which operates under the Minister of Power in India supplies around 43,143MW of electricity.
Out of its total generation capacity, it produces merely 110MW of renewable energy, which has generated 100 million units of power in the current fiscal.
Tendering for four renewable projects has already been initiated. With a generation capacity of 250MW each, the solar facilities will be developed in the Indian states of Andhra Pradesh, Madhya Pradesh, Telengana and Rajasthan.
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By GlobalDataNTPC has also invited tenders for another 500MW solar power development in Rajasthan.
Located at Anantapur in Andhra Pradesh, the first of the four 250MW projects is likely to be awarded by the end of March 2015.
NTPC is seeking land availability options and PPA arrangement alternatives across other Indian states as well, which includes Chhattisgarh, Uttar Pradesh, Puducherry, Gujarat etc.
