Tata Power today announced its arm TP Saurya Limited has received the Letter of Award (LoA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to set up a 300 MW wind-solar hybrid power generation capacity. This project has been awarded through tariff-based competitive bidding followed by e-Reverse auction by MSEDCL.
The project is set for commissioning within 18 months from the date of power purchase agreement (PPA) execution.
With this, the total renewable capacity of Tata Power will reach 4,907 MW, including 2,953MW of installed capacity and 1,954 MW under implementation.
Speaking on the achievement, Dr Praveer Sinha, chief executive officer and managing director, Tata Power, said, “It is a proud moment for Tata Power to win this large-scale hybrid (wind and aolar) power generation project. This will further promote the share of renewable power in the overall energy mix, thus strengthening our position as the market leader in the renewable space. It will also encourage other states to switch to green power to usher in an era of clean energy in the country.”
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