Tata Power Renewable Energy To Build 250 MW Solar Plant In Gujarat
Tata Power Company Ltd. on Monday said its renewable energy arm Tata Power Renewable Energy Ltd. has received a letter of award from Gujarat Urja Vikas Nigam Ltd. to set up a 250 MW solar power project in Dholera Solar Park, Gujarat.
This is in addition to 100 MW project project awarded by GUVNL in May 2019 for Raghanesda Solar Park, Tata Power said in a statement.
"The Letter of Award was received on July 25, 2019," Tata Power said.
The power generated from the Tata Power solar plant will be supplied to GUVNL under a power purchase agreement valid for a period of 25 years.
The company has won this capacity in a bid announced by GUVNL in January 2019. The project has to be commissioned within 15 months from the date of execution of the power purchase agreement, Tata Power.
"This is an important milestone in our endeavour to generate 35-40 percent of Tata Power's total generation capacity from renewable energy sources," said Ashish Khanna, president (renewables) at Tata Power.
With this win, Tata Power Renewable Energy’s capacity under implementation would increase to 650 megawatt. Parent Tata Power has an operational capacity of 2,476 MW.
The project is expected to generate 635 million units of energy per year and will annually offset approximately 635 million kg of carbon dioxide.
Tata Power Renewable Energy is also in the process of implementing 650 MW of renewable power projects at various locations on greenfield basis.
Tata Power is India's largest integrated power company and, together with its subsidiaries and jointly controlled entities, has an installed capacity of 10,957 MW.