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NVVN to sign PPA for 350MW with 22 solar developers by January-end

According to reports, NTPC Vidyut Vyapar Nigam (NVVN) expects to sign power purchase agreements with 22 companies by January-end to develop 350 MW of grid-connected solar photovoltaic energy. The companies include GAIL (India), Welspun Solar, Mahindra Solar One, Enfield Infrastructure, Essel Infraprojects, Azure Power India and French firm Fonroche Energie S.A.S.


The trading arm of NTPC has been designated as the nodal agency for sale and purchase of grid-connected solar power under the Phase-1 of the Jawaharlal Nehru National Solar Mission. Last December, NVVN had issued letters of intent to the short-listed developers for the second batch of Phase-1.


The other companies short-listed include Solairedirect SA, SunBorne Energy Services, Sujana Towers, and Green Infra Solar Farms. Of the 28 projects for which letters of intent have been issued to these companies, 24 are in Rajasthan, two in Maharashtra, and one each in Andhra Pradesh and Tamil Nadu.


“Once the power purchase agreements are inked, the target of over 1,000 MW capacity envisaged in Phase-I would be met,” a senior official said.


Over 150 companies, including Reliance (Anil Ambani Group), Lanco, Moser Baer and the Tatas, had evinced interest in developing large solar photovoltaic projects of up to 20 MW under the second batch. Request for selections were received for 218 projects for over 2,500 MW, much higher than the 350 MW offered.


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