Keen to reduce its carbon footprint and have a diversified portfolio of power assets, state-run NTPC, by name and predominantly a thermal player, is augmenting its renewable energy (RE) capacity in a big way. And the chosen route is acquiring RE assets, then the greenfield plants.
The PSU has issued tenders to acquire 1,000 MW of operational solar plants, running for at least a year, and supplies power to their buyers at not more than Rs 5 per unit. The move is seen by industry experts as the power major’s initial step, while it traverses a route over the next 10 years to have massive RE assets of 45,000 MW. Even as its thermal capacities are also being increased, it will have RE capacity of 30% of total generation portfolio of 1,30,000 MW by then, from nominal level now.