National, 25th October, 2016: Tata Power Renewable Energy Ltd (TPREL), India’s largest renewable energy company, today announced the signing of the Power Purchase Agreement (PPA) for a 100 MW solar project at Anantapuram solar park in Andhra Pradesh with the Solar Corporation of India (SECI). TPREL is a wholly owned subsidiary of The Tata Power Company Ltd., India’s largest integrated power company. The Commercial Operations Date (COD) of the project as per the PPA is 16th of October 2017. The project has been secured through bidding in the Open category under the Jawaharlal Nehru National Solar Mission (JNNSM).
With the signing of this Power Purchase Agreement (PPA) with SECI, TPREL has further consolidated its position as India’s largest renewable energy company. The 100 MW solar project based at Anantapuram has a challenging COD of less than a year, reiterating Tata Power’s technology leadership, superior engineering capabilities, and executional efficiency in implementing mega solar projects in a record timeline.
Speaking on this development, Mr. Rahul Shah, CEO & Executive Director, Tata Power Renewable Energy Ltd, said, “We are delighted at this project win as it further fortifies our leadership in renewable energy generation in India. The solar project at Anantapuram solar park will add 100 MW of clean energy thereby significantly increasing our green footprint. This move is in line with the Government’s set target of 100 GW from solar energy by 2017. In the next 5 years, the Company plans to significantly add to its solar generation capacity.”
The JNNSM, launched in January 2010, is a major initiative of the Government of India that aims to establish India as a global leader in solar energy by creating favourable policy conditions for its diffusion across the country. JNNSM had initially set a target to 20 GW of solar installations by 2022 that was reset to achieve five times more at 100 GW by 2022.
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