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NHPC gave Latter of Award to Power Developer

PNN/ Faridabad: NHPC, India’s premier hydropower company which has diversified its portfolio to include Solar Power business has given Letter of Award (LOA) on 9th July 2020 to Solar Power Developer for interstate transmission system (ISTS) grid connected photovoltaic projects for balance 400 MW installed capacity out of 2000 MW. Out of 2000 MW, NHPC had already issued LOA for 1600 MW during June 2020.

Previously, NHPC had successfully conducted the e-reverse Auction for 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 above-mentioned work amidst nationwide unlock 2.0 period due to COVID-19 pandemic following all guidelines laid down by the Government and optimum use of available resources and manpower.

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Shafi Shiddique