Tata Power Renewable Energy Limited (TPREL)—wholly owned subsidiary of integrated power company Tata Power—has received the Letter of Award from Gujarat Urja Vikas Nigam Limited (GUVNL) to develop a 50 MW solar project in Dholera Solar Park of Gujarat. This project is in addition to the 250 MW solar project being set up by the company at Dholera Solar Park.
The energy generated from the project will be supplied to GUVNL under a power purchase agreements (PPA) for a period of 25 years from scheduled commercial operation date.
The company has won this capacity in a bid announced by GUVNL in June 2019. The project has to be commissioned within 15 months from the date of execution of the PPA.
Speaking on this achievement, Tata Power CEO and MD Praveer Sinha said, “We are thankful to the Government of Gujarat and the officials at GUVNL for this opportunity. With this award [our] cumulative capacity under development in Gujarat would be 400 MW. We are delighted to contribute towards the realisation of our country’s commitment towards clean and green energy through solar power generation.”
“We are pleased with our second win which will make us the largest developer in Dholera Solar Park. 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 President-Renewables Ashish Khanna.
The plant is expected to generate 118 million units of energy per year and will annually offset approximately 118 million Kg of CO2.
Tata Power has renewable operating capacity of 2628 MW comprising 931 MW wind and 1696 MW solar capacity located in the various states of India including Maharashtra, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Punjab, Bihar, Tamil Nadu, Karnataka and Rajasthan. The company is also in the process of implementing 650 MW of renewable power projects at various locations on Greenfield basis.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.