Gridco signs PPA with NTPC to avail 10 MW solar power

Bhubaneswar: State owned Grid Corporation of Odisha (Gridco) on Tuesday signed a power purchase agreement with NTPC in order to avail 10 MW of solar power.

Gridco entered into agreement with NTPC as part of its Solar Purchase Obligation, said P K Pradhan, director (commercial) who signed PPA on behalf of the corporation.

Gridco would purchase 5 MW solar power from NTPC`s Solar Power Station at Dadri in Uttar Pradesh and another 5 MW from Faridabad Solar Power Station of Haryana.

Earlier, Gridco had signed a PPA with eight solar developers of one MW each.

This apart, energy secretary P K Jena said Gridco has also signed Power Sale Agreement with NVVN, a subsidiary of NTPC, to get solar power bundled with equivalent capacity of thermal power from unallocated share of upcoming NTPC stations.

Under the scheme, 20 MW of solar power has been allocated to Gridco, he said adding the corporation is in constant endeavour to develop solar power projects as a part of the National Action Plan for Climate Change.

Though the cost of each unit of solar power costs Rs 16.50, it will not affect consumers, the secretary said.

Gridco was supposed to use five per cent of its total power consumption from renewable sources, according to a direction of Orissa Electricity Regulatory Commission.