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Tata Power Renewable Energy Limited (TPREL), a wholly-owned subsidiary of Tata Power, has received a Letter of Award (LoA) from Maharashtra State Electricity Distribution Co Ltd (MSEDCL) to develop a 100 MW solar project in Maharashtra.
Tata Power won this capacity in a bid announced by MSEDCL under Phase V of the grid connected solar power, dated December 2019. Earlier this week, Tata Power received an LoA from Gujarat Urja Vikas Nigam Limited (GUVNL) to develop a 120 MW solar project in Gujarat.
The energy will be supplied to MSEDCL under a power purchase agreement (PPA) valid for a period of 25 years from the scheduled commercial operation date, Tata Power said. The project is required to be commissioned within 18 months from the date of execution of the PPA.
Praveer Sinha, CEO & MD, Tata Power, said, “We are thankful to the Government of Maharashtra and the officials at MSEDCL for this opportunity. With this award the cumulative capacity of renewables will be 3,557 MW.”
“We continue to demonstrate our strong commitment towards renewable energy as well as project development, engineering and execution capabilities,” said Ashish Khanna, President-Renewables, Tata Power.
The plant is expected to generate about 240 MUs of energy per year and will annually offset approximately 240 million kg of CO2.
Tata Power’s renewable capacity will increase to 3,557 MW, of which 2,637 MW is operational and 920 MW is under implementation, including 100 MW won under this LoA.
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