NTPC to invest $10 billion in renewable energy projects

NTPC Limited plans to invest $10 billion to set up 10 GW of renewable energy capacity over the next five years. A large part of this capacity is expected in the form of solar power projects. The company has been asked by several state governments to set up large-scale solar parks and is reported to have 3 GW solar power capacity in its pipeline. NTPC has already issued at least four tenders of 250 MW solar power capacity each. These projects will be installed across four different states. The commitment made by NTPC is very encouraging as it owns India´s largest thermal power capacity. Usually state-owned companies do not face as many problems as the private project.