Tata Power Renewable Energy Limited (TPREL), wholly owned subsidiary of Tata Power, has received a Letter of Award from state-owned utility Gujarat Urja Vikas Nigam Limited (GUVNL) to develop a 250 MW solar project in Dholera Solar Park of Gujarat.
This capacity is in addition to 100 MW won by Tata Power at Raghanesda Solar Park in May this year, which was part of a 700 MW tender with ceiling tariff set at Rs2.70/kWh.
The power generated from Dholera project will be supplied to GUVNL under a power purchase agreement (PPA) valid for a period of 25 years from the scheduled commercial operation date. TPREL won this capacity in a GUVNL tender for 1 GW in January this year. The project has to be commissioned within 15 months from the date of execution of the PPA.
With this win, TPREL’s capacity under implementation would become 650 MW, which is in addition to the operating capacity of 2,476 MW (comprising 932 MW wind and 1544 MW solar capacity at utility scale). The plant is expected to generate 635 million units of electricity per year and will annually offset approximately 635 million Kg of CO2.
Speaking on this achievement, Tata Power CEO and MD Praveer Sinha said, “We are delighted to contribute towards the realisation of our country’s commitment towards clean and green energy through solar power generation.”
“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% 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,” added Ashish Khanna, president-Renewables, Tata Power.