India's NTPC to set up 300 MW solar capacity

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India's largest utility, NTPC Ltd, said its board has approved setting up 301 megawatts of solar power generation capacity by March 2014.

The state run firm currently operates a majority of its installed capacity of over 30,000 MW through coal-fired power plants.

NTPC also said it would spend 5.64 billion rupees (US $120 million) to modernize two units at the Badarpur thermal power station.

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