NewKerala.com

Key Points

NTPC Green Energy has signed an agreement with Bihar's power company to develop renewable energy and battery storage projects. The deal comes after NTPC's recent 1,000 MW solar win in Uttar Pradesh. This aligns with India's goal of achieving 500 GW non-fossil energy capacity by 2030. The projects will also create jobs and support local businesses in Bihar.

Key Points: NTPC Green Energy Signs Bihar Pact for Renewable Battery Storage

  • NTPC Green Energy inks MoU with BSPGCL for Bihar renewable projects
  • Deal follows 1,000 MW solar win in Uttar Pradesh
  • India targets 500 GW non-fossil energy by 2030
  • Projects to boost local jobs and MSME growth
2 min read

NTPC Green Energy Ltd inks pact for setting up battery storage projects in Bihar

NTPC Green Energy partners with Bihar for renewable battery storage projects, advancing India's 2030 clean energy goals and local employment.

"This move will play a vital role in strengthening power infrastructure and ensuring reliable electricity access. – Official Statement"

New Delhi, July 27

Government-owned NTPC Green Energy Ltd has inked an MoU with Bihar State Power Generation Company Limited (BSPGCL) to set up renewable energy and battery energy storage projects (BESS) in the state as part of the Centre's policy to reduce the carbon footprint in the country.

The agreement was signed between Sarit Maheswari, CEO (NGEL), and Abdesh Kumar Singh, Director Technical (BSPGCL), in the presence of Minister of Energy, Planning and Development, Bihar, Bijendra Prasad Yadav and other senior officials from the state government.

The MoU comes close on the heels of NTPC Green Energy Ltd winning a 1,000 MW capacity solar PV power project auction of Uttar Pradesh Power Corporation Limited last month. The company signed a Power Purchase Agreement (PPA) at a discovered tariff of Rs 2.56 per kWh.

The Cabinet Committee on Economic Affairs, earlier this month, enhanced the financial powers of NTPC Limited from Rs 7,500 crore to Rs 20,000 crore for Renewable Energy capacity addition.

As India's leading power utility, NTPC aims to add 60 GW of Renewable Energy Capacity by 2032, which will help the country move towards its larger aim of having 'Net Zero' emissions by 2070.

The enhanced financial powers given to NTPC and NGEL will facilitate the accelerated development of renewable projects in the country. This move will also play a vital role in strengthening power infrastructure and ensuring investment in providing reliable, round-the-clock electricity access across the nation, according to an official statement.

Renewable Energy projects will also generate direct and indirect employment opportunities for the local people at the construction stage, as well as during the Operations and Maintenance Stage. This shall provide a boost to local suppliers, local enterprises/ MSMEs and shall encourage the entrepreneurship opportunities within the country, besides promoting employment and socio-economic development of the country, the statement said.

India has achieved a landmark in its energy transition journey by reaching 50 per cent of its installed electricity capacity from non-fossil fuel sources - five years ahead of the target set under its Nationally Determined Contributions to the Paris Agreement. The country is aiming to reach 500 GW of non-fossil energy capacity by 2030.

- IANS

Share this article:

Reader Comments

P
Priya S
Rs 2.56 per kWh is impressive! But I wonder if the actual consumer tariff will reflect these savings or if discoms will pocket the difference. We need more transparency in power pricing.
A
Arjun K
Finally some good news for Bihar's development! Solar + battery storage is the perfect combo for our rural areas where grid connectivity is poor. Hope they prioritize districts with maximum power cuts.
S
Sarah B
As someone working in renewable energy sector, I appreciate this move but worry about land acquisition challenges in Bihar. The state needs clear policies to make such projects viable without farmer protests.
V
Vikram M
Net Zero by 2070 is too far! With climate change impacts we're already seeing, India should aim for 2050 like developed nations. These projects are good but we need faster action.
K
Kavya N
Excellent step towards sustainable development! My only request - please involve local communities from planning stage itself. Too often such projects ignore ground realities of villages where they're implemented.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50