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NREL To Float Global Tender To Set Up Rs 15,000-Crore Job By February

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The global tender is forsetting up a 3GW renewable resource job, said NTPCShare rate of NTPC acquired more than three per cent on Thursday, December 30, after the state-owned power significant revealed that its renewable energy arm - NTPC Renewable Resource Ltd (NREL) - will float a worldwide engineering procurement and building tender.

The international tender is for setting up a 3GW renewable energy task with a battery storage system worth around Rs 15,000 crore by February 2022, according to news company PTI.On Thursday, shares of NTPC opened at Rs 123.40, signing up an intra day high of Rs 127.85 and an intra day low of Rs 122.35, throughout the trading session today.

The NREL has actually chosen to float an international tender or RFP (request for proposition) for a 3GW renewable energy job (like solar and wind) with battery energy storage system in the next 2 months (by February 2022).

This entails a financial investment of about Rs 15,000 crore, a senior official informed PTI.The advancement presumes significance given India's target of having 175GW of renewable energy by 2022, including 100GW of solar and 60 GW of wind energy.

As of November 30, 2022, India's renewable energy capability - excluding large hydro plants - is 104GW, consisting of 49GW solar and 40GW of wind energy, according to a Central Electricity Authority (CEA) report.NREL - a 100 percent subsidiary of NTPC, presently has a sustainable task portfolio of 3,850 GW, of which, 970 MW tasks are under building and 2,880 MW projects have been won and are in different phases of implementation.NREL is set to understand its target of having 60GW renewable energy.

The renewable resource capacity of the NTPC is envisaged to be 45 per cent of its total 130 GW installed generation capacity by 2032.

The plan to have 60 GW RE capacity by 2032 would entail an investment of Rs 2.5 lakh crore.On Thursday, NTPC settled amongst the top gainers on the NSE, with its shares closing 2.68 percent greater at Rs 126.45 apiece.




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