NTPC to set up India’s largest solar park at Rann of Kutch
State-run NTPC Ltd is to set up India’s largest solar park at Rann of Kutch in Gujarat.
- This solar park will have the capacity of 4.75 gigawatt (GW).
- It will be set up in Rann of Kutch in Gujarat from where NTPC will also generate green hydrogen on commercial scale.
- NTPC Renewable Energy Ltd got the go-ahead from ministry of new and renewable energy (MNRE) for this project under “ultra-mega renewable energy power parks (UMREPP) scheme”.
- NTPC Renewable Energy Ltd has also signed pact with Union territory of Ladakh to set up green hydrogen mobility project in region.
This solar park project will come against backdrop of reports about NTPC’s plans to list NTPC Renewable Energy Ltd. NTPC has also announced its target to reduce net energy intensity by 10% under its energy compact goals. NTPC has planned to invest ₹1 trillion between 2019 and 2024 in order to become a 130 GW power producer by 2032. Out of this, 60 GW will be generated from renewable energy sources.
Green Energy Parks
Under the ultra-mega renewable energy power parks (UMREPP) scheme, several state-run companies including NTPC have planned to build massive green energy parks in wind & solar resource rich states like Jammu & Kashmir, Andhra Pradesh, Karnataka, Gujarat, Rajasthan, Madhya Pradesh, Maharashtra, Tamil Nadu and Telangana.
This Indian-government owned electricity utility was formally known as National Thermal Power Corporation Limited. It engages in business of generation of electricity & allied activities. The company was incorporated under Companies Act 1956 and works under Ministry of Power. It is headquartered in New Delhi.
Month: Current Affairs - July, 2021
Category: Economy & Banking Current Affairs
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