Tata Power arm bags 250 MW solar projects from Karnataka govt

Bengaluru | Updated on July 12, 2018 Published on July 12, 2018

Tata Power has announced that its wholly owned subsidiary — Tata Power Renewable Energy Ltd (TPREL) has got a Letter of Award from the Karnataka Renewable Energy Development Ltd (KREDL) to develop 250 MW (50 MW x 5 Nos) of solar projects in Karnataka.

The projects will be set up at the Pavagada Solar Park in Tumkur district and the energy will be supplied to the State Discoms under a 25-year Power Purchase Agreements (PPA).

“The company said it won in a bid at a tariff of ₹2.85/kWH announced by KREDL during April 2018. The projects will be commissioned within 12 months from the date of signing of the PPA,” said Praveer Sinha, CEO & MD, Tata Power.

The company said this is an important milestone in its endeavour to generate 35-40 per cent of Tata Power’s total generation capacity from clean energy sources.

“Pavagada Solar Park has provided us a unique opportunity to enhance our generation capacities in the same location and post development we will have the optimisation advantage of operating more than 400 MW AC power from Pavagada,” explained Sinha.

“Establishment of solar project in this area will improve the revenue to the government and enable Pavagada to be one of the pioneers in solar park in the entire country,” said Ashish Khanna, President-Renewables, Tata Power.

The 250-MW solar project is the largest capacity won by the company in a bid so far. With this addition, TPREL will have an overall operational capacity of 400 MW in Pavagada Solar Park with 150 MW operational since FY18.

“The plant is expected to annually offset approximately 578631 tCO2e per year. TPREL has an operation capacity of 675 MW making it a key player in the renewable energy space,” said Khanna.

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Published on July 12, 2018
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