Comments
Tata Power on Friday announced that its arm Tata Power Renewable Energy Limited had received a letter of award from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) to develop a 100 MW solar project in Maharashtra.
The energy will be supplied to MSEDCL under a power purchase agreement, valid for a period of 25 years from scheduled commercial operation date.
The company has won this capacity in a bid announced by MSEDCL under Phase V dated December 2019. The project is required to be commissioned within 18 months from the date of execution of the PPA.
Tata Power’s renewable capacity will increase to 3,557 MW, out of which 2,637 MW is operational, and 920 MW is under implementation including 100 MW won under this award.
The shares of the company have gained 1.8 per cent to trade at Rs 43.75.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.