Tata Power Renewable Energy Ltd. (TPREL), a wholly-owned subsidiary of Tata Power, has received the Letter of Award from Tata Power-Distribution to develop a 150 MW solar project in the state of Maharashtra.
The power purchase agreement (PPA) will be signed once the tariff is approved and adopted by the Maharashtra Electricity Regulatory Commission (MERC). TPREL had won this capacity from Tata Power Distribution in August 2019.
As per the company statement, the energy will be supplied to Tata Power Distribution under a PPA valid for 25 years from the scheduled commercial operation date of the project. The project has to be commissioned within 18 months from the date of execution of the PPA.
The plant is expected to generate 360 million units of energy per year, and it will offset nearly 360 million kilos (~0.36 million tons) of carbon dioxide annually.
Tata Power’s portfolio says that its renewable operating capacity is 2,628 MW which comprises of 931 MW of wind and 1,696 MW of solar power located in the states of Maharashtra, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Punjab, Bihar, Tamil Nadu, Karnataka, and Rajasthan.
Tata Power was also among the winners in a recently concluded auction, in which the Solar Corporation of India Ltd. (SECI) awarded 960 MW of inter-state transmission system (ISTS-VI) connected solar projects. The winners included ReNew Power (300 MW) at ₹2.71 (~$0.038)/kWh, Avaada Energy (300 MW) at ₹2.71 (~$0.038)/kWh, Masaya Solar Energy (UPC Renewables) (300 MW) at ₹2.71 (~$0.038)/kWh, and Tata Power (60 MW) at ₹2.72 (~$0.038)/kWh. The tender was issued on June 28, 2019.
Moreover, in July 2019, Tata Power had announced its partnership with NTT-Com-Netmagic to build its first 50 MW solar power project at Solapur in Maharashtra. The solar power project aims to reduce carbon emissions at an average of about 70,000 tons annually. The power generated from this project will be supplied to NTT-Netmagic’s data centers across Maharashtra.
Image credit: Tata Power Solar
Rakesh is a staff reporter at Mercom India. Prior to joining Mercom, he worked in many roles as a business correspondent, assistant editor, senior content writer, and sub-editor with bcfocus.com, CIOReview/Silicon India, Verbinden Communication, and Bangalore Bias. Rakesh holds a Bachelor’s degree in English from Indira Gandhi National Open University (IGNOU). More articles from Rakesh Ranjan.