NTPC Green Energy Limited has made a significant advancement in its renewable energy initiatives with the declaration of the commercial operation of the first part capacity of 55 MW from its 105 MW Shajapur Solar Project located in Shajapur, Madhya Pradesh. This announcement was made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency in the operations of the company. The successful commissioning of this solar power project marks a key achievement in NTPC Green Energy's continuous efforts to contribute to India's renewable energy capacity.

The Shajapur Solar Project, developed by NTPC Renewable Energy Limited (a wholly owned subsidiary of NTPC Green Energy), will significantly boost the renewable energy landscape in the state of Madhya Pradesh. The first part of the project will officially start its operations at 00:00 hours on November 29, 2024, paving the way for the eventual full capacity of 105 MW. This development is part of NTPC's larger commitment to increasing the share of renewable energy in its total generation portfolio, which aligns with India's broader energy transition goals.

This commercial operation declaration is expected to contribute substantially to reducing carbon emissions and meeting the growing demand for clean energy. With the successful completion of the first part of the Shajapur Solar Project, NTPC Green Energy is on track to further enhance its renewable energy portfolio, which is crucial for meeting India's renewable energy targets under international climate commitments. As the project progresses, the additional 50 MW will further strengthen the renewable energy capacity of NTPC Green Energy.

In line with regulatory requirements, this disclosure ensures that shareholders and investors are well-informed about the project’s progress. It also provides transparency regarding the company’s initiatives in the solar energy sector, reflecting NTPC's ongoing transformation into a cleaner, more sustainable energy producer.

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Incorporating solar energy projects into the national grid is a vital part of India’s strategy to increase its solar power capacity and reduce dependence on non-renewable sources of energy. The Shajapur Solar Project is another step towards realizing these goals, offering an excellent example of how large-scale solar projects can be successfully integrated into the grid to provide a clean, sustainable source of power.

NTPC Green Energy Limited continues to lead by example in the renewable energy space, with this project underscoring the company's determination to expand its footprint in clean energy. As the solar power sector continues to evolve, NTPC's efforts to develop and commission such projects are crucial for India’s green energy transition.

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NTPC’s Shajapur Solar Project represents a bright future for India's solar energy sector and continues to drive the country’s efforts to meet its climate goals.