MUMBAI: NTPC is planning to set up an ultra-mega solar park in the Kutch region of Gujarat that will produce up to 5,000 megawatts and involve an investment of Rs20,000 crore or more.
On Monday NTPC chairman and managing director Gurdeep Singh said that NTPC is looking at setting up an ultra-mega solar park in the Kutch and also one in Rajasthan. In the Kutch, NTPC is planning to produce 5,000 mw at an investment of around Rs 4 crores per mw, taking the total investment to Rs 20,000 crores. NTPC is also looking at two-three locations in the Kutch. It will invite others to invest as well.
He said that the company is also looking at Rajasthan for setting up an ultra mega solar park. But the amount of energy that will be produced and the quantum of investment required will be decided after the location is finalised.
Further, he said NTPC is also planning to tie up with municipalities to produce electricity from solid waste.
Since last year NTPC has been running a pilot project in Banaras in UP that converts bio-waste into electricity. Now it is planning to do a similar project with the East Delhi Municipal Corporation to produce 20 mw a day and it will float the tender over the next 30 months. However NTPS is in a more advanced stage of talks with the Surat civic body as it has lands available and NTPC is planning to award the contract soon.
The company has a similar plan for Ladakh as well, Singh added.
NTPC is keen to partner with more municipal bodies for waste management. Their only demand is that municipal bodies must deliver waste to the plant.
NTPC is also looking at good projects to acquire through the bankruptcy process.
Singh also added that at present there are not many good projects in NCLTs, it is looking at three projects, one hydro asset of 100 mw and two coal-based assets of 600 mw each. NTPC is open to projects in hydro, coal and renewal as well.
Source: Live Mint