NTPC To Build Country’s Largest Solar Park In Kutch

NTPC to build country’s largest solar park in Kutch, target to generate 60,000 MW of electricity from non-conventional sources by 2032.

NTPC, the country’s largest power producer, has set a target of generating 60,000 MW of electricity from non-conventional energy sources in the next 10 years.

For this, the company will set up a 4,750 MW solar park in Kutch, Gujarat.

The company said that its subsidiary NTPC Renewable Energy Limited (NTPC REL) has been given permission by the Ministry of Renewable Energy (MNRE) to set up the largest power plant.

Recently, private sector Reliance Industries also made a big announcement for the renewable energy sector.

This is also indicating that in the coming days, Gujarat will be established as the largest state in the non-conventional energy sector.

Apart from these two companies, the Adani Group is also rapidly expanding its solar plant capacity in Gujarat.

Like Reliance, NTPC has also said that it will also emphasize making green hydrogen in the solar plant to be set up.

NTPC is setting up small solar plants for the last five years. It currently has a total capacity of 6,600 MW to generate electricity from solar energy and other non-conventional energy sources.

It has been targeted to reach 60,000 MW by the year 2032. The major part of it will be in Gujarat. Work is underway on the company’s 1,800 MW projects.

However, the company did not specify how the capital would be raised for this.

Roughly, the cost of setting up a solar plant per MW capacity is Rs 4 crore, according to this, the company will have to invest a total of Rs 2.40-2.50 lakh crore.

Petrol, Diesel Inflation Hit; People are spending less on health, grocery items: SBI Economists.

Due to the increase in Petrol-Diesel prices, people are spending less on groceries, health, and utilities. Economists of the country’s largest lender SBI said this on Tuesday.

A note written by Soumya Kanti Ghosh, Chief Economic Advisor, SBI Group, said that the government should consider reducing the tax on fuel.

He has said that due to tax, the prices of petrol, diesel are touching the sky.

The price of petrol has crossed Rs 100 per liter in most parts of the country. At the same time, the rate of diesel per liter is also close to Rs 100.

According to an estimate, more than Rs 40 per liter goes to the central and state governments as tax and excise duty.

When the global crude oil prices had softened, the taxes were increased, but even after the crude oil prices rose again, the taxes were not withdrawn.