NEW DELHI: India’s coal-burning giant is taking the green highway to spread its wings abroad by bagging a contract to anchor a 500 MW solar park in the Republic of Mali under an initiative of International Solar Alliance.
Ambassador of Mali Sekou Kasse handed over the letter for letter awarding the project management consultancy contract to NTPC chairman Gurdeep Singh on Wednesday in the presence of power minister R K Singh, who chairs ISA, and its director-general Upendra Tripathi.
This is the second overseas consultancy project for NTPC under an ISA initiative to help the equatorial band of sunshine countries expand solar energy capacities. ISA had last year endorsed NTPC as a solar energy consultant for member countries owing to its experience in setting up solar power projects. NTPC plans to anchor 10,000 MW of solar parks in ISA member countries in next two years.
ISA is an India-based international, inter-government organization conceptualised by Prime M inister Narendra Modi, first reported by TOI on September 3, 2015. Modi and then French president Francois Hollande launched the initiative later that year at the Paris climate summit, or COP-21.
ISA aims to create an international ecosystem to reduce the cost of technology and capital, facilitate price reduction and enable development of storage technology through improved access to resources.
Solar parks are being showcased as a best practice from India which had started these as a novel concept, which has brought down cost of solar energy substantially, promoted investment, created employment and benefitted the environment.
Read More: NTPC bags 2nd overseas contract as solar park anchor from Mali