Stock Exchange seeks clarification from NTPC on Solar project

Team News Riveting

Mumbai, September 27

The Stock Exchange has sought clarification from the National Thermal Power Corporation (NTPC) Limited with respect to solar projects it had won under Central Public Sector Undertaking (CPSU) scheme.

The Exchange quoted the report captioned “NTPC wins 1.9 GW solar projects under CPSU scheme”.

India’s largest integrated power generating company NTPC ltd, had reported that it won 1.9 GW in the e-auction of CPSU Scheme-II, Tranche-III of 5 GW tender. The capacity would enable a saving of CO2 a greenhouse gas of over 3 million tons every year.

NTPC was the single largest capacity winner and together with this capacity of 1.9 GW, NTPC now has over 6.3 GW capacity won through competitive biddings. This shall pave the way for NTPC’s plan of 60 GW RE capacity by 2032.

CPSU scheme shall promote Atmanirbhar Bharat since projects have to necessarily use domestic content.

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