NTPC board approves Rs 17.79 bn investment in AP solar project
Source: IRIS | 28 Apr, 2015, 05.59PM
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NTPC, the country's largest power producer, announced that the board of directors has accorded investment approval for Anantpur Solar PV Project, Stage-I (5x50 MW) in the state of Andhra Pradesh. The appraised current estimated cost of the project is Rs 17.79 billion.  Earlier, the company has signed Power Purchase Agreement (PPA) with Andhra Pradesh Eastern Power Distribution Company (APEPDCL) and Andhra Pradesh Southern Power Distribution Company (APSPDCL) for procurement of power to be generated from the 250 MW solar power plant, the first phase of the 1,000 MW ultra solar power project being set up by NTPC in Anatapur District in Andhra Pradesh.
Shares of the company gained Rs 3.1, or 2.09%, to settle at Rs 151.35. The total volume of shares traded was 87,566 at the BSE (Tuesday).
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