India’s largest integrated power company, Tata Power announced on Wednesday that its wholly-owned subsidiary Tata Power Green Energy Ltd (TPGEL) had received a letter of award from Tata Power Mumbai Distribution on July 13 to develop a 225 MW hybrid renewable project.
The energy will be supplied to Tata Power Mumbai Distribution under a power purchase agreement (PPA), valid for a period of 25 years from the date of scheduled commercial operation of the project. The company has won this capacity in a bid finalised recently by Tata Power Mumbai Distribution. The project is required to be commissioned within 18 months from the date of execution of the PPA.
The plant is expected to generate about 700 million units (MUs) of energy per year and will annually offset approximately 700 million kilos of CO2.
Tata Power’s renewable capacity will increase to 3,782 MW, out of which 2,637 MW is operational and 1,145 MW is under implementation including 225 MW won under this LOA.
In June, Tata Power had received the letter of awards to develop solar projects in Gujarat (120 MW) and Maharashtra (100 MW).