NHPC, India’s premier hydropower company; which has diversified its portfolio to include Solar Power business; has given a Letter of Award to the Solar Power Developer for Interstate Transmission Systems (ISTs) grid-connected PhotoVoltaic (PV) projects for balancing 400 MW installed capacity out of 2000 MW, on 9th July 2020. For the remaining portion of the 2000 MW, LOA was issued in June 2020.
Previously, NHPC had successfully conducted the e-reverse Auction for its 2000 MW ISTS Grid Connected Solar PV Project to be set up anywhere in India. As part of the LOA, NHPC shall purchase the power generated from the proposed ISTS- Connected Solar PV Power Project at tariffs of Rs 2.55/- and 2.56/-per unit.
NHPC has successfully completed awarding of the fore-mentioned work amidst the nationwide Unlock 2.0 period, following all guidelines laid down by the Government and optimum use of available resources and manpower.
