Tata Power, the private electric utility provider has announced Tata Power Renewable Energy Limited (TPREL), the wholly-owned subsidiary of the company, has received a Letter of Award from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) to develop a 100 MW solar project in Maharashtra.
TPREL won this capacity in a bid announced by MSEDCL under Phase V dated December 2019. Energy generated from this project will be supplied to MSEDCL, under a PPA valid for a period of 25 years from scheduled commercial operation date. The project is required to be commissioned within 18 months from the date of execution of the PPA.
“We are proud to announce that we have been awarded 100MW solar project in Maharashtra, and are thankful to the Government of Maharashtra and the officials at MSEDCL for this opportunity,” said Praveer Sinha, CEO & MD, Tata Power. “With this award, the cumulative capacity of renewables will be 3,557 MW.”
As per the company statement, the plant is expected to generate about 240 MUs of energy per year and will annually offset approximately 240 million kg of CO2.
With this project, Tata Power's renewable energy capacity stands at 3,557MW, of which 2,637MW is already operational and 920MW is under implementation including the latest LOA.