Shares of NTPC Green Energy are expected to draw investor attention on December 11 after the company secured a significant project to establish an Energy Storage System (ESS) with a capacity of 250 MW/1000 MWh.
NTPC REL, a 100% subsidiary of NTPC Green Energy, emerged as the winner in the e-reverse auction invited by Solar Energy Corporation of India for the development of 2000 MW of ISTS-connected solar PV power projects along with ESS with a total capacity of 1000 MW/4000 MWh.
As per the agreement, NTPC REL had emerged as the successful bidder for 500 MW of solar power capacity quoted at a tariff of Rs 3.52 per kWh. In tandem with this solar capacity, it was mandatory to establish an ESS with 250 MW/1000 MWh.
NTPC Green Energy made its debut at Rs 111.50 on the NSE, up 3.24 percent over the IPO price of Rs 108. The ‘Maharatna’ CPSE has a diversified renewable portfolio that includes solar as well as wind power projects.
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Source: Moneycontrol
News Desk
