Companies

Tata Power commissions 100 MW solar park in Anthapuramu

V. Rishi Kumar Hyderabad | Updated on July 02, 2018 Published on July 02, 2018

The sale of power from this solar plant has been tied up under a 25-year power purchase agreement with Solar Energy Corporation of India.

Tata Power Renewable Energy Ltd, a 100 per cent subsidiary of Tata Power, has commissioned a 100 MW (50 MW x 2) solar capacity at Anthapuramu Solar Park, Andhra Pradesh.

With this, the overall operating renewable capacity of TPREL now stands at 2,215 MW in India.

The sale of power from this solar plant has been tied up under a 25-year power purchase agreement with Solar Energy Corporation of India (SECI).

This is part of the implementation of the MNRE scheme for developing grid connected solar power capacity of Jawaharlal Nehru National Solar Mission (JNNSM) Phase II, Batch-III of the Government of India through viability gap funding (VGF) mode.

“Renewable energy is the future for ‘New India’ and will play a big role in providing the country “24X7 Power for All by 2019. For a tropical country like India, solar energy has the highest potential. Tata Power is focused to constantly proliferate the group’s renewable energy portfolio and we plan to add around 1,000 MW renewable energy capacity to our portfolio every year, scaling it to 45-50 per cent in the next five years, largely through organic growth,” Praveer Sinha, CEO & Managing Director, Tata Power, said.

"The commissioning of 100 MW capacity in Anthapuramu has fortified our position as a leading renewable energy company in the country with a strong presence in solar power generation," Ashish Khanna, President-Renewables, Tata Power, said.

The company had organically added 159 MW wind & solar capacity in FY17 along with the acquisition of Welspun Renewables Energy Pvt td. last year.

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Published on July 02, 2018
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