The Indian Government has given approval to auction 15 GW solar power capacity under the National Solar Mission that will come up across various states of the country. The entire auction under the programme will be divided into 3 tranches of 3 GW, 5 GW and, 7 GW. The auction will be organised by a power trading arm of the country´s largest power generation company, NTPC Limited. The power trading arm will procure electricity from the solar power projects and, in turn, supply this solar power bundled with coal-based power to various utilities across the country.
The first part of the 3 GW tranche is expected to be auctioned soon.