Tata Power Renewable Energy Limited bags 30MW solar project in Maharashtra

Tata Power has announced that its 100% subsidiary, Tata Power Renewable Energy Ltd. (TPREL) has bagged 30 MW grid connected photovoltaic project of in Maharashtra.

The projects have been awarded in the DCR category under the Jawaharlal Nehru National Solar Mission (JNNSM) Phase-Il Batch-IlI Tranche-l under ‘State Specific Bundling Scheme’. TPREL will sign a 25 year Power Purchase Agreement (PPA) with NTPC Vidyut Vyapar Nigam Ltd.

Rahul Shah, CEO & ED-Tata Power Renewable Energy Ltd, said, “This is the third LOI received by TPREL in recent months and brings our solar bid wins to 145 MW. Receiving this Letter of Intent for 30 MW of non-fossil fuel energy will further add to our total generation capacity, thereby, significantly increasing our green footprint. This move is line with the Government’s set target of 100 GW from solar energy by 2017. As a company, we will continue to grow our capacity through organic and inorganic means over the next few years to contribute to Tata Power’s aggressive target of 20,000 MW of total capacity by 2025.”