NTPC-led arm commissions solar rooftop project at IIT Jodhpur; stock hits 52-week high

16 Jun 2023 , 03:28 PM

NTPC Limited informed that its subsidiary NTPC Vidyut Vyapar Nigam Ltd (NVVN) has commissioned its first rooftop solar PV project at IIT Jodhpur, Rajasthan.

Under the Renewable Energy Service Company (RESCO) model, NVVN (NTPC Vidyut Vyapar Nigam) has successfully executed a 1 MW grid-connected solar project. The project entails a power purchase agreement (PPA) for a duration of 25 years. 

NVVN has installed the solar project on the rooftops of 14 buildings located within the premises of the Indian Institute of Technology (IIT). The project is expected to generate around 14.90 lakhs units per annum and will cater to 15% of the electricity consumption needs of the IIT Jodhpur.

The said project aims to reduce carbon emissions of about 1060 tonnes every year.

NTPC established the NVVN in 2002 as its wholly-owned arm to benefit from the potential of power trading in the country.

At around 3.25 PM, NTPC was trading 0.83% higher at Rs 188.25, against the previous close of Rs 186.70 on NSE. The counter hit a new 52-week high of Rs 188.70.

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