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Home » Solar » Reliance Power signs Power Purchase Agreement with NTPC Vidyut Vyapar Nigam Ltd. (NVVN) for its 100MW Solar Thermal project in Rajasthan under Jawaharlal Nehru National Solar Mission-India

Reliance Power signs Power Purchase Agreement with NTPC Vidyut Vyapar Nigam Ltd. (NVVN) for its 100MW Solar Thermal project in Rajasthan under Jawaharlal Nehru National Solar Mission-India

Reliance Power Ltd, an Anil Dhirubhai Ambani Group company, plans to take its renewable energy (wind and solar) capacity to 1,000 MW in next two-three years.  The company has around 94 MW of operational wind energy-based power capacities.

Reliance Power has plans to set up 600 MW solar energy (concentrated solar power – CSP and solar photovoltaic plants – SPV) based power capacity in Rajasthan and 400 MW wind power plants in Gujarat and Karnataka.

Readers of Panchabuta might recall, Rajasthan Sun Technique Energy Pvt Ltd a subsidiary of Reliance Power, had bid for 100MW Solar Thermal under the first phase of the Jawaharlal Nehru National Solar Mission (JNNSM) and has been one among the 37 successful bidders shortlisted for developing the projects.

According to reports in the media today, Reliance Power seems to have signed the PPA for its 100MW Solar Thermal project with NTPC Vidyut Vyapar Nigam Ltd. (NVVN), less than a month after the shortlisted developers were announced by NVVN.

As Panchabuta understands,  Rajasthan Sun Technique Energy Pvt Ltd the subsidiary of Reliance Power which bid for the project seems to have offered a discount of about 334  paisa which is about  21.8% from the proposed feed in tariff of  Rs 15.31 for solar thermal.

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