Tata Power, India’s largest integrated power company, announced in a press statement that Tata Power Renewable Energy Ltd (TPREL), the company’s wholly-owned subsidiary, had received a letter of award from the Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) to develop a 100 MW solar project in Maharashtra.
The energy from the solar project will be supplied to MSEDCL 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 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.
Speaking on this achievement, Praveer Sinha, CEO & Managing Director, Tata Power said, “We are proud to announce that we have been awarded 100 MW solar project in Maharashtra, and 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.”
Ashish Khanna, President Renewables, Tata Power added, “We are pleased to announce our win and will continue to demonstrate our strong commitment towards renewable energy as well as project development, engineering and execution capabilities.”
The plant is expected to generate about 240 million units (MUs) of energy per year and will help annually offset nearly 240 million kilos of CO2 emissions.
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 100MW won under this letter of award.
Earlier this month, TPREL had received a letter of award from Gujarat Urja Vikas Nigam Ltd (GUVNL) to develop a 120 MW solar project in Gujarat.