Tata Power Receives LoA for 225 MW Hybrid Renewable Energy Project

Tata Power has announced that its wholly-owned subsidiary – Tata Power Green Energy has received an LoA to develop a 225 MW hybrid renewable project.

Tata Power, one of India’s largest integrated power companies has announced that its wholly-owned subsidiary – Tata Power Green Energy Limited (TPGEL) has received a Letter of Award (LoA) from Tata Power Mumbai Distribution on July 13, 2020, to develop a 225 MW hybrid renewable project.

The energy generated by the project will be supplied to Tata Power Mumbai Distribution under a Power Purchase Agreement (PPA), valid for a period of 25 years from scheduled commercial operation date. The Company has won this capacity in a bid finalised recently by Tata Power Mumbai Distribution.

The Plant is expected to generate about 700 MUs of energy per year and will annually offset approximately 700 Million Kg of CO2. The project is required to be commissioned within 18 months from the date of execution of the PPA.

With this win, Tata Power’s renewable capacity will increase to 3,782 MW, out of which 2,637 MW is operational and 1,145 MW is under implementation including 225 MW won under this LoA.

Last month, we had reported that the firms’ wholly-owned subsidiary TPREL had received a Letter of Award from the Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) to develop a 100 MW solar project in the state of Maharashtra.

Praveer Sinha, CEO & MD, Tata Power, had said at the time “we are proud to announce that we have been awarded 100 MW solar project in Maharashtra, and are thankful to the Government of Maharashtra and the officials at MSEDCL for this opportunity. With this award, the cumulative capacity of renewables will be 3,557 MW.”

As per the terms of the project tender, the company will supply electricity produced through solar energy to MSEDCL under a long-term Power Purchase Agreement (PPA), which is valid for 25 years from the scheduled commercial operation date (SCOD).