(BS)
The country’s largest power producer NTPC plans to set up an ultra-mega solar park in Gujarat for a phased capacity of 5000 MW at an estimated investment of Rs 20,000 crore. “We have identified two-three locations in the Kutch district and the park is likely to developed at Rs 4 crore per MW cost,” said Gurdeep Singh, chairman and managing director for NTPC. He added the company is also exploring Rajasthan as a location for another solar park.
NTPC is also considering spot market options to sell some part of its solar power, without signing long term power purchase agreements. “We are exploring if we can have some capacity on merchant basis,” Singh added. As part of its ultra-mega solar park plans, NTPC will also look to invite other solar power developers to invest in these solar parks. “Others can also be invited to set up capacity in these solar parks and sell the power outside or back to us,” Singh added.
