NTPC to facilitate 15000 MW solar grid capacity by FY19

National Thermal Power Corporation (NTPC) will turn its focus to solar power with the company announcing its plan to facilitate 15000 megawatt (MW) solar grid capacity by FY19. This facility will come up under the National Solar Mission (NSM).

The government will formulate rules and bid method for e-bids for solar power and NTPC will be the nodal agency for the same.

The first tranche of 3000 MW will come in by FY17; 5000 MW in the next financial year FY18 and the remaining 7000 MW by FY19.

The states interested for this solar power will have to identify land and power requirement and power developers will have to bid for the projects.