As Panchabuta has reported in November last year, NTPC has signed a joint venture with Asian Development Bank (ADB), Kyushu Electric Power Japan to set up 500MW renewable power in 3 years in India. Under the joint venture agreement, ADB will invest up to 40 million dollars for a 25 percent stake in the company. NTPC will have a 50 percent holding in the company with Kyushu Electric Power owning the remaining 25 percent.
According to reports, NTPC Ltd, India’s largest power generating company, is all set to play a major role in the renewable energy sector. The company, which is presently setting up two wind energy projects in Karnataka and one in Gujarat, is looking for more wind and solar energy projects in Karnataka, Kerala and Gujarat.
“We are in talks with the Karnataka government for allotment of more sites for setting up wind energy projects in addition to two ongoing projects. We have identified Belgaum district for setting up more wind energy projects, and Bijapur and Gulbarga for solar energy projects,” a NTPC official said.
The company plans to set up another 100 Mw wind energy project in Belgaum district. It has selected Bailhongal, Saundatti taluks, which have a good potential for wind stations, for the new capacity. “Karnataka has a very good potential for generating wind and solar energy. We are waiting for the Karnataka Renewable Energy Development Ltd (KREDL) to allot land in Belgaum district to set up new wind mills,” he said.
The Central government has allotted 105 Mw of capacity in solar energy to NTPC. It is planning to set up 100 Mw capacity solar photovoltaic power projects in Karnataka. It has identified a few places in Bijapur and Gulbarga districts. It has identified 1,000 acres land at Mulwad in Bijapur district. The Karnataka Industrial Areas Development Board (KIADB) will acquire the land, the official said.