NTPC Limited has announ¡ced plans to set up a 750 MW ultra mega solar photovoltaic power project in the State of Madhya Pradesh. The company plans to invest Rs 5,000 crore ($811 million) into the project. The project would be a major milestone in the company's near-term target to install 3,500 MW solar power capacity over the next five years. A large portion of the 3.5 GW capacity would come up in the southern States of Andhra Pradesh and Telangana. NTPC plans to install similar ultra-mega solar power projects in the two states. The Indian government has directed State-owned companies to invest heavily in solar power projects. This strategy has been adopted in lieu of the decision not to impose anti-dumping duties on imported solar power modules.
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