Tata Power Renewable Energy Ltd. (TPREL), India’s largest renewable energy company and Tata Power’s wholly-owned subsidiary, today announced that the Company has commissioned its 100 MW solar plant (50MW X 2) at Pavagada Solar Park in Karnataka. The project was won by the Company in May 2016 under the National Solar Mission Phase-II Batch-II Tranche-I State Specific Bundling Scheme. With this development, TPREL’s total installed operating capacity now stands at 1614 MW.
The two 50 MW solar plants have been built over 533 acres. Sale of power from solar plant has been tied up under a 25-year Power Purchase Agreement with NTPC Ltd. at a tariff of Rs. 4.79/ unit.
Mr. Rahul Shah, CEO, Tata Power Renewable Energy Limited, said, “The commissioning of the 100MW solar plant in Karnataka fortifies our position of being the largest renewable energy company in the country, with a strong presence in solar power generation. We prefer development opportunities in solar parks as land and evacuation are provided, and we can focus on the project. We are extremely proud of this development and we continue to seek potential areas across India and in select International markets through organic and inorganic opportunities.”
TPREL recently commissioned 25 MW solar plant in Charanka, Gujarat Solar Park, Gujarat, and 30 MW solar plant in Palaswade in Maharashtra. Tata Power’s vision is to have 35-40% of the Company’s total generation capacity from non-fossil fuel sources by 2025. Tata Power’s renewable energy capacity this year crossed 2000 MW and green generation portfolio crossed the 3000 MW mark.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Sign me up for the newsletter!
Notify me of follow-up comments by email.
Notify me of new posts by email.
Philips India launches CSR campaign ‘HarSaansMeinZindagi’ to promote awareness on Childhood Pneumonia in India
BACKSTREET BOYS PERFORM AT THE VENETIAN MACAO AS PART OF THEIR BIGGEST ARENA TOUR IN 18 YEARS
Huawei Ships 200 Million Smartphone Units For 2019 In Record Time
Titan Eyeplus forays into Smart eyewear with Skyfly Mutrics Smart Eyewear
The Do’s and Don’ts of Social Automation as a Mode of Getting Real Instagram Followers
2014 The Global Indian New Network (TGINN)