Tata Power has announced that its 100 percent subsidiary Tata Power Renewable Energy (TPREL) has commissioned 150 MW solar capacity in Village Chhayan, Tehsil Pokharan, State Rajasthan. With this, the overall operating renewable capacity of TPREL now stands at 2,628 MW in India.
The Company had won this capacity in a bid at a tariff of Rs. 2.72/kWh announced by MSEDCL. The sale of power from this solar plant has been tied up under a 25 year Power Purchase Agreement with Maharashtra State Electricity Distribution Co Ltd. The project is connected at 220 kV to PGCIL's Bhadla substation making it the Company's first ISTS solar project.
The Company is currently developing 500 MW of renewable capacity across the country including 100 MW under PPA signed with UPPCL and NPCL in Uttar Pradesh, 100 MW under a PPA signed with GUVNL at Raghanesda solar park and 250 MW at Dholera solar park.
“Renewable energy is the future for ‘New India’ and will play a big role in providing the country “24X7 Power for All by 2019”. For a tropical country like India, solar energy has the highest potential. Tata Power is focused to constantly proliferate the group’s renewable energy portfolio and we plan to generate 35-40% of Tata Power's total generation from clean energy sources, largely through organic growth,” said Praveer Sinha, CEO & Managing Director, Tata Power.
"The commissioning of 150 MW capacity in Rajasthan has fortified our position as a leading renewable energy company in the country with a strong presence in solar power generation. We will continue to seek potential of sustainable growth of renewable power in India. This is our first ISTS project and first to follow Feb 2019 CEA guidelines, hence showcases our ability to execute complex solar projects," said Ashish Khanna, President-Renewables, Tata Power.
@EPC World Media
