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Tata Power, India’s largest integrated power company, announced on Thursday that its wholly-owned subsidiary Tata Power Renewable Energy Ltd (TPREL) has received a Letter of Award (LoA) from Gujarat Urja Vikas Nigam Ltd (GUVNL) to develop a 100 MW solar project in Raghanesda Solar Park of the State.
PPA with Discom
The energy thus generated will be supplied to GUVNL under a Power Purchase Agreement (PPA) valid for a period of 25 years from the date of scheduled commercial operation.
The company has won this capacity in a bid announced by GUVNL in March 2019.
The project will be commissioned within 15 months from the date of execution of the PPA, said Praveer Sinha, CEO and MD, Tata Power, in a statement here.
‘A milestone’
“This is an important milestone in our endeavour to generate 35-40 per cent of Tata Power’s total generation capacity from clean energy sources,” Ashish Khanna, President-Renewables, Tata Power, said.
With this win, TPREL's capacity under implementation will become 500 MW, which is in addition to the operating capacity of 2,268 MW.
The plant is expected to generate 250 MUs of energy per year and will annually offset approximately 250 million kg of carbon dioxide.
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