NTPC Green Adds 75.5 MW at Khavda-I, Lifts Installed Capacity to 7.64 GW

NTPC Green has recently commissioned a part capacity of around 75.5 MW out of 1,255 MW at the Khavda-I Solar PV Project. The company explained in a regulatory filing that this project falls under the CPSU Scheme Phase-II Tranche-III in Gujarat of NTPC Renewable Energy, a subsidiary of NTPC Green Energy Limited (NGEL).

It said that with the latest project commissioning, NGEL Group's commercial capacity currently stands at about 7,563.575 MW. With the addition of this capacity, the NGEL Group's total installed capacity will increase to 7,639.075 MW.

NTPC Green Expansion & Investment Plans

With plans to incur a capex of around ₹30,000 crore, NTPC's management said in an investor presentation that in the financial year 2025-26, it is going to incur a capex of around ₹30,000 crore. It also mentioned plans to incur these finances through debt and equity.

The company hinted that this is the level of capex that is going to come in this financial year. For the next financial year, the company said it will further increase the capex to around ₹45,000 crore to ₹46,000 crore.

The company's management also confirmed that it plans to spend around ₹24,000 crore in the next six months at NTPC Green.

NTPC Green Project Pipeline

NTPC Green also mentioned that its work for Ayana and the Renewable Energy Round-The-Clock (RE-RTC) project is progressing steadily and that those projects are going to be commissioned almost by the end of this year.

On the completion of the balance renewable energy projects, which have not yet been done, the company's management said, that its carefully choosing new tenders, expanding capacity in parallel, and expect to secure good PPAs—both through bidding and from C&I buyers—to address its project pipeline challenges.

The management said, "We are judiciously approaching all the TBCB tenders which are coming up. And because the capacity addition is going on in parallel, we are hopeful that we will be able to get into good PPAs through the TBCB route, and the C&I customers we have been approaching. So, that challenge would be addressed that way."