India's NTPC to set up 300 MW solar capacity

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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