100-MW Solar power project developed in Gujarat by Tata Power

100-MW Solar power project developed in Gujarat by Tata Power

2019-06-04T09:50:43+00:00June 3rd, 2019|Solar Energy|

tiTata Power said its arm Tata Power Renewable Energy Ltd (TPREL) will develop a 100-MW solar power project in Raghanesda Solar Park of Gujarat.

“TPREL has received a letter of award (LoA) from Gujarat Urja Vikas Nigam Ltd (GUVNL) on 28th May 2019. They will be developing a 100-MW solar project in Raghanesda Solar Park of Gujarat,” a statement by Tata Power said.

According to the statement, power generated from the project will be supplied to GUVNL under a power purchase agreement (PPA). It is valid for 25 years from the scheduled commercial operation date.

The company has won this capacity in a bid announced by GUVNL in March 2019. Within 15 months from the date of execution of the PPA, the project has to be commissioned.

Tata Power Chief Executive Officer and Managing Director Praveer Sinha said, “We have been awarded 100-MW solar power project in Gujarat. We are thankful to the government of Gujarat and the officials at the GUVNL for this opportunity.”

This is an important milestone in our endeavour to generate 35 to 40 per cent of Tata Power’s total generation capacity from clean energy sources, said Ashish Khanna, president (renewables), Tata Power, in the statement.

With this, TPREL’s capacity not only become 500 MW but also adds to the operating capacity of 2,268 MW. The plant is expected to generate 250 million units (MUs) of energy per year. It will annually offset about 250 million Kg of carbon dioxide.

Source : https://www.business-standard.com/article/pti-stories/tata-power-arm-tprel-to-develop-100-mw-solar-power-project-in-gujarat-119053000736_1.html