NTPC Board approves Rs.323.35 cr for 50 MW wind power project

The Dollar Business Bureau

The board of NTPC, India's biggest energy conglomerate, has cleared Rs.323.35 crore investment in the public sector unit’s (PSU) first wind power project of 50 MW in Rojmal, Gujarat. In its BSE filing, the company said, “The Board of Directors of NTPC in its meeting held on November 30, 2016 has accorded investment approval for Rojmal Wind Energy Project (50 MW) in Gujarat at an appraised estimated cost of Rs.323.35 crore subject to signing of Power Project Agreement.”

This will be NTPC’s first wind energy project, the statement said.

The state-run power company has drafted its business strategy of adding capacity through renewable resources to about 1,000 MW by 2017. To achieve this endeavour, the PSU has so far commissioned 310 MW Solar PV (Photovoltaics) projects.

These include 260 MW Solar PV at Bhadla in Jodhpur, Rajasthan and 50 MW Solar PV at Anantpur district of Andhra Pradesh. 250 MW Solar PV project at Mandsaur in Madhya Pradesh and 8 MW hydro project, are under the implementation stage.

In projects upto 25 MW, the small hydro segment, 8 MW hydro energy-based project is under execution at NTPC-Singrauli in Uttar Pradesh.

For exploring possibilities in geothermal energy, the PSU has already signed a Memorandum of Understanding (MoU) with the government of Chhattisgarh. And feasibility studies are in progress, in association with the Geological Survey of India.