NTPC wins 85 MW solar capacity in UP govt tender

State-run power producer NTPC said it has won 85 mega watt (MW) of solar capacity in a reverse auction held by the UP government.

"NTPC participated in the 550 MW tender floated by Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) for grid-connected solar projects.

In the reverse auction held on December 3, 2018, NTPC participated for 85 MW solar capacities and has won the entire capacity bid by it, at a levelised tariff of Rs 3.02/unit, applicable for 25 years", the company said in a regulatory filing.

The above 85 MW of solar projects shall be set up by NTPC and shall add to the installed capacity of NTPC, the company added.