Tata Power Renewable Energy Limited (TPREL), a wholly owned subsidiary of Tata Power, has received a Letter of Award from Karnataka Renewable Energy Development Limited (KREDL) to develop 250 MW (50 MW x 5) of solar projects at the Pavagada Solar Park, located in Tumkur district of Karnataka.
Mercom previously reported that KREDL awarded 250 MW of solar projects each to Fortum Corporation and TPREL to be developed at the Pavagada solar park. Tariff of ₹2.85 (~$0.042)/kWh was quoted by Fortum and Tata Power. This was part of 650 MW of solar projects for Pavagada solar park which were retendered by KREDL in April 2018.
“We are proud to announce that we have been awarded the 250 MW Solar Project in Karnataka, and thankful to the Government of Karnataka and the officials at KREDL for this opportunity. We are delighted to contribute to the realisation of our country’s commitment to clean and green energy through solar power generation,” said Praveer Sinha, CEO & MD of Tata Power in a press statement.
A power purchase agreement (PPA) will facilitate the sale of energy to state DISCOMs for a period of 25 years. The projects will be commissioned within 12 months from the date of signing of the PPA.
The 250 MW solar project is the largest capacity won by the TPREL in a single bid. With this, it will have an overall capacity of 400 MW in Pavagada Solar Park, of which 150 MW is already operational.
According to the Mercom India Solar Project Tracker, Karnataka has installed large-scale solar capacity of over 5.1 GW and has a development pipeline of ~1.6 GW, making it the leading state in this category. Tata Power has ~1.35 GW of installed solar capacity.