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15 GW of Solar Power Will Now Get Assured Buyer, Courtesy NTPC's Up Coming Reverse Auction

As part of the National Democratic Alliance government’s green energy push, state-owned NTPC Ltd will call for bids from solar project developers for buying 15 GW on behalf of the MNRE.

Source: Live Mint

SNP Insights

This development would provide bankable buyers to the developers of these 15 GW of solar installation. And as in the first round the 3 GW of solar energy would be bundled with 15 GW of unallocated power of NTPC, the overall cost will decrease to significant levels, hence would not be having any adverse impact on the Discoms as well.