National Thermal Power Corporation Ltd has announced that its wholly owned subsidiary NTPC Vidyut Vyapar Nigam Limited (NVVN), was appointed as the Nodal Agency, by Ministry of Power (MoP), Government of India, for the Phase – I of the Jawaharlal Nehru National Solar Mission (JNNSM), launched by the Prime Minister of India on January 11, 2010, with a target for putting into Operation 1000 MW of Grid Connected Solar Power Projects upto 2013.
The role of NVVN envisages Purchase of Solar Power from Solar Power Developers (SPDs) and bundling the same with equivalent Capacity of Unallocated power from NTPC Coal Stations to be allocated by MoP for Sale to State Utilities / DISCOMs.
NVVN has conducted Selection and bidding process and has received an overwhelming response. The Board of NVVN in its meeting held on December 17, 2010, approved the proposal for entering PPA with 37 Solar Power Developers for a cumulative Capacity of 620 MW comprising 30 SPDs for 150 MW of Solar PV Projects and 7 SPDs for Solar Thermal Projects of 470 MW Capacity under Phase I, Batch I of the Jawaharlal Nehru National Solar Mission.
This is in addition to the already tied up solar capacity of 84 MW under the Migration Scheme of MNRE under JNNSM. The Power Purchase Agreements are expected to be signed before the first anniversary of the launch of the JNNSM.