11 Dec , 2024 By : Debdeep Gupta
NTPC Green Energy's share price rose more than 2 percent in the opening trade on December 11 after the company was going to set up an Energy Storage System (ESS) of 250 MW/1000 MWh.
At 09:22 am, NTPC Green Energy was quoting at Rs 149.95, up Rs 3.30, or 2.25 percent, on the BSE.
NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of the company, has emerged as a successful bidder in the e-reverse auction conducted by the Solar Energy Corporation of India (SECI) for the development of 2000 MW ISTSconnected Solar PV Power Projects.
The auction also includes the establishment of Energy Storage Systems (ESS) with a total capacity of 1000 MW/4000 MWh.
NTPC REL secured 500 MW of solar power capacity at a tariff of Rs. 3.52 per kWh.
As per the terms of the tender, the company is required to set up an Energy Storage System (ESS) of 250 MW/1000 MWh along with the contracted solar capacity.
NTPC Green Energy stock was listed at Rs 111.50 per share on the NSE, a premium of 3.24 percent over the IPO price of Rs 108 per share.
NTPC Green Energy is a 'Maharatna' central public sector enterprise with a renewable energy portfolio, including solar and wind power assets.
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