NTPC Green Energy share price will remain focus on December 23 after the company signed a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar.
The MoU was for investments in Bihar to establish renewable energy projects, including Ground-mounted and floating solar installations, Battery energy storage systems, and Green hydrogen mobility initiatives etc.
The Government of Bihar will facilitate the necessary permissions, registrations, approvals, and clearances from concerned departments, agencies, and authorities to support the projects.
Last week, the company commenced commercial Operation of 30 MW out of 150 MW Gujarat Solar PV Project, Mesanka, Gujarat of NTPC Renewable Energy, a wholly owned subsidiary of the company.
On December 10, the said subsidiary has emerged as a successful bidder in the e-reverse auction conducted by the Solar Energy Corporation of India (SECI) for the development of 2000 MW ISTS connected Solar PV Power Projects.
The auction also includes the establishment of Energy Storage Systems (ESS) with a total capacity of 1000 MW/4000 MWh.
NTPC REL secured 500 MW of solar power capacity at a tariff of Rs. 3.52 per kWh.
The company is required to set up an Energy Storage System (ESS) of 250 MW/1000 MWh along with the contracted solar capacity.
NTPC Green Energy stock was listed at Rs 111.50 per share on the NSE, a premium of 3.24 percent over the IPO price of Rs 108 per share.’
NTPC Green Energy is a ‘Maharatna’ central public sector enterprise with a renewable energy portfolio, including solar and wind power assets.
Like
Comment
Send
Share
