Mar 27 2010
The NTPC (National Thermal Power Corporation), a power generating company owned by the state, has shown interest to develop wind and solar projects in the state of Orissa, India with total 500 MW of generating capacity.
A memorandum of understanding (MoU) has been sent by NTPC to the government of Orissa in this regard. Prior to this MoU, the company has also entered to similar MoUs with Gujarat Power Corporation, the administration of Andaman & Nicober, Karnataka Power Corporation, and Gujarat Power Corporation for setting up renewable energy projects.
According to a senior official in the science and technology department of the state, the draft MoU has been received by the government from NTPC. The Orissa government has taken initiatives to bring investors to the state in the renewable energy sector and this NTPC proposal has given it the much required boost to the state.
Senior officials from NTPC, Orissa Renewable Energy Development Agency (OREDA), and science and technology department of the state held discussions recently on the proposed renewable energy projects.
The business strategy of NTPC is to become a 75,000 MW plus company by the year 2017. The state-owned company is aiming to develop renewable energy projects in Orissa, since it wants to add 1,000 MW through renewable energy sources.