In a release issued today, Tata Power announced its arm TP Saurya Limited has received the ‘Letter of Intent’ (LoI) from Maharashtra State Power Generation Co. Ltd (MAHAGENCO) to set up a 250 MW grid-connected solar photovoltaic power plant in Maharashtra.
TPSL won the project in tariff-based competitive bidding followed by an e-reverse auction conducted by MAHAGENCO. It quoted a tariff of INR 2.51 (U$0.033) per kWh, in the procurement exercise that had a ceiling tariff set at INR 2.83/kWh ($0.038/kWh), valid for 25 years.
The project shall be located at the Dondaicha Solar Park in the Dhule district of Maharashtra. Maharashtra State Electricity Distribution Company Limited (MSEDCL) shall be the offtaker from this solar plant.
The solar plant project is scheduled for commissioning within 15 months from the date of PPA execution.
With this, the total renewable capacity of Tata Power will reach 4,611 MW comprising an installed capacity of 2,947 MW and 1,664 MW under implementation.
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