Tata Power Renewable wins 30 MW solar project in Maharashtra under National Solar Mission
21 June 2016
Tata Power Renewable Energy Ltd (TPREL), a 100 per cent subsidiary of integrated power company Tata Power, has won solar grid connected photovoltaic project of 30 MW in Maharashtra.
The project is among various solar power projects 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 has received the letter of intent to develop the projects and will sign a 25 year power purchase agreement (PPA) with NTPC Vidyut Vyapar Nigam Ltd.
This is the third LOI received by TPREL in recent months and the latest bid win brings TPREL's total solar power portfolio acquired in recent times to 145 MW, Rahul Shah, CEO and ED of Tata Power Renewable Energy Ltd, said.
Tata Power Renewable will continue to grow capacity through organic and inorganic means over the next few years to contribute to Tata Power's aggressive target of 20,000 MW of non-fossil fuel power of total capacity by 2025, he added.
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.
Tata Power is India's largest integrated power company and together with its subsidiaries and jointly controlled entities has an installed gross generation capacity of 9,184 MW and a presence in all the segments of the power sector, viz, fuel security and logistics, generation (thermal, hydro, solar and wind), transmission, distribution and trading. It has successful public-private partnerships in generation, transmission and distribution in India namely ''Tata Power Delhi Distribution Limited" with Delhi Vidyut Board for distribution in North Delhi, 'Powerlinks Transmission Ltd.' with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi and 'Maithon Power Ltd' with Damodar Valley Corporation for a 1,050 MW mega power project at Jharkhand.
Tata Power serves more than 2 million consumers in India and has developed the country's first 4,000 MW ultra mega power project at Mundra (Gujarat) based on super-critical technology. It is also one of the largest renewable energy players in India with a clean energy portfolio of 1,749 MW.
Its international presence includes:
- Strategic investments in Indonesia through a 30 per cent stake in the leading coal company PT Kaltim Prima Coal (KPC), 26 per cent stake in mines at PT Baramulti Suksessarana Tbk (BSSR);
- In Singapore through Trust Energy Resources to securitise coal supply and the shipping of coal for its thermal power generation operations;
- In South Africa through a joint venture called 'Cennergi' to develop projects in sub-Saharan Africa;
- In Zambia through 50:50 joint venture with ZESCO for 120 MW Hydro which has become operational in 2016;
- In Georgia through AGL, which is a joint venture with Clean Energy, Norway and IFC for development of 185 MW hydro project which is scheduled to be commissioned in 2016;
- In Australia through investments in enhanced geothermal and clean coal technologies and in Bhutan through a hydro project in partnership with The Royal Government of Bhutan.
With its track record of technology leadership, project execution excellence, world class safety processes, customer care and driving green initiatives, Tata Power is poised for a multi-fold growth and committed to 'lighting up lives' for generations to come,'' the company stated in a release.