Tata Power, India’s largest integrated power company, announced that Tata Power Renewable Energy Limited (TPREL), the company’s wholly owned subsidiary, received a Letter of Award (LOA) from Gujarat Urja Vikas Nigam Limited (GUVNL) on 28th May 2019 to develop a 100 MW solar project in Raghanesda Solar Park of Gujarat.
The energy will be supplied to GUVNL under a Power Purchase Agreement (PPA) valid for a period of 25 years from the scheduled commercial operation date. The company has won this capacity in a bid announced by GUVNL in March 2019. The project is to be commissioned within 15 months from the date of execution of the PPA.
Speaking on this achievement, Mr. Praveer Sinha, CEO & MD, Tata Power, said:
“We are proud to announce that we have been awarded 100 MW Solar Project in Gujarat, and are thankful to the Government of Gujarat and the officials at GUVNL for this opportunity. We are delighted to contribute towards the realisation of our country’s commitment towards clean and green energy through solar power generation.”
Mr. Ashish Khanna, President-Renewables, Tata Power said:
“With this win, we continue to demonstrate our strong commitment towards renewable energy as well as project development, engineering and execution capabilities. 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. We hope to continue to build on our capabilities, deliver over expectations and create high benchmarks all around.”
With this win, TPREL’s capacity under implementation would become 500 MW, which is in addition to the operating capacity of 2,268 MW. The solar plant is expected to generate 250 MUs of energy per year and will annually offset approximately 250 million Kg of CO2.
Source: Press Release by Tata Power.