Integrated power company Tata Power has announced today it has received a Letter of Award from Gujarat Urja Vikas Nigam Limited (GUVNL) to develop a 60 MW solar project in the state of Gujarat.
The power generated from this project shall be supplied to GUVNL under a long-term power purchase agreement (PPA) for 25 years from the scheduled commercial operation date.
The Company has won this capacity at an INR 2.20/kWh tariff in a 500 MW tender floated by GUVNL in January 2021. The project has to be commissioned within 18 months from the date of PPA execution.
As per the tender document, the bidders selected by GUVNL shall set up solar power projects, including the transmission network up to the delivery point. The minimum project capacity shall be 25 MW.
With this award, Tata Power’s cumulative solar capacity under development in Gujarat would be 580 MW.
The plant is expected to generate about 156 million units of electricity per year and annually offset approximately 156 million Kg of CO2.
Tata Power’s renewable capacity will increase to 4,007 MW, out of which 2,687 MW is operational and 1,320 MW (including 60 MW won under this PPA) under implementation.
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