Government Approves NTPC's 15,000 MW Solar Power Projects

Mumbai: The union cabinet on Wednesday approved state-run power producer NTPC Ltd's plans to set up 15,000 megawatt of grid-connected solar projects, which would be completed in three tranches.

 

The rapidly falling cost of solar power has ignited interest in its potential in Asia's third-largest economy, which relies on coal for three-fifths of its energy needs while solar supplies less than 1 per cent.

 

Prime Minister Narendra Modi aims to make India one of the world's largest renewable energy markets, targeting 100,000 MW of output by 2022 from just 3,000 MW currently.