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.
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.
Last month, NTPC had proposed to set up its second and largest wind power project at Guledagudda in Bagalkot district. The estimated capacity of the project is around 100 Mw (based on capacity and model of WTG offered) at an investment of Rs 600 crore. The rating of each offered WTG (wind turbine generator) is 1,500 KW or above. The company signed a power purchase agreement (PPA) with five energy supply companies in state.
According to reports, National Thermal Power Corporation Ltd (NTPC), yesterday said it had signed a memorandum of understanding with the government of Kerala to develop around 200 MW wind energy-based power projects in the state.
The state-owned power producer wil develop wind power jointly with the state government on a build, own and operate basis.
Out of total 200 MW, the first 80 MW wind energy projects will be developed on fast track basis at Ramakkalmadu, NTPC said.