Tata Power to Develop 110 MW Solar Project for KSEBL

Tata Power has announced that the company has received a LoA from KSEBL on January 6, 2021, to develop a 110 MW solar project.

Tata Power, one of India’s largest integrated power companies, has announced that the company has received a Letter of Award (LoA) from the Kerala State Electricity Board Limited (KSEBL) on January 6, 2021, to develop a 110 MW solar project.

The energy will be supplied to KSEBL 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 announced by KSEBL in September 2020. The project has to be commissioned within 18 months from the date of execution of the PPA.

The Plant is expected to generate about 274 MUs of energy per year and will annually offset approximately 274 Million Kg of CO2.

With this, Tata Power’s renewable capacity will increase to 4,032 MW, out of which 2,667 MW is operational and 1365 MW is under implementation including 110 MW won under this LOA.

Praveer Sinha, CEO & MD, Tata Power, said, “we are proud to announce that we have been awarded  110 MW Solar Project by KSEBL,  and are thankful to the Government of Kerala and the officials at KSEBL for this opportunity. We are delighted to contribute towards the realisation of our country’s commitment towards clean and green energy through solar power generation.”

In November, we had reported that KSEBL had finally reached closure on its quest for 200 MW solar power for the state, though the final reported price of Rs 2.97 unit. NTPC, which had placed its bid at Rs 2.97 per unit for 90 MW, got its full bid, while Tata Power, which had bid at a higher amount for the full 200 MW, had to settle for the remaining 110 MW after matching the lower bid value of NTPC.

KSEB had earlier floated a tender for the amount in March 2019, where a poor response (Sole bidder CIAL Infrastructure for 10 MW) meant that it eventually had to cancel the whole tender.