MUMBAI / RAJKOT - In a regulatory filing as submitted to the Indian Stock Exchanges, Mumbai headquartered Ratan Tata led Diversified Indian Conglomerate - Tata Group's power and energy arm - Tata Power Company Ltd said of its renewable energy arm - Tata Power Renewable Energy Ltd having bagged 100MW (MegaWatt) of Solar power project from Maharashtra State Electricity Distribution Company Ltd (MSEDCL).
In a press-release titled, "Tata Power to develop 100 MW Solar Project in Maharashtra", as attached and enclosed with the regulatory filing as submitted by the company to the Indian Bourses, it further read that, Tata Power, India’s largest integrated power company, announced that Tata Power Renewable Energy Limited (TPREL), the Company’s wholly owned subsidiary, has received a Letter of Award from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) to develop a 100 MW solar project in Maharashtra.
The energy will be supplied to MSEDCL 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 MSEDCL under Phase V dated December 2019.
The project is required to be commissioned within 18 months from the date of execution of the PPA.
The Plant is expected to generate about 240 MUs of energy per year and will annually offset approximately 240 Million Kg of CO2.
Tata Power’s renewable capacity will increase to 3,557 MW, out of which 2,637 MW is operational and 920 MW is under implementation including 100MW won under this LOA.
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