Tata Power Renewable Energy Limited commissions 150 MW Solar Capacity in Rajasthan
Stands at an overall renewable capacity of 2,628MW in India
Tata Power's 100% subsidiary Tata Power Renewable Energy (TPREL) commissioned 150MW solar capacity in Village Chhayan, Tehsil Pokharan, Rajasthan. With this, the overall operating renewable capacity of TPREL now stands at 2,628MW in India.
The company had won this capacity in a bid at a tariff of Rs 2.72/kWh announced by MSEDCL during May 2018. The sale of power from this solar plant has been tied up under a 25 year Power Purchase Agreement with Maharashtra State Electricity Distribution. The project is connected at 220 kV to PGCIL's Bhadla substation making it the company's first ISTS solar project.
It is currently developing 500MW of renewable capacity across the country including 100MW under PPA signed with UPPCL and NPCL in Uttar Pradesh, 100MW under a PPA signed with GUVNL at Raghanesda solar park and 250MW at Dholera solar park.
“Renewable energy is the future for ‘New India’ and will play a big role in providing the country “24X7 Power for All by 2019”. For a tropical country like India, solar energy has the highest potential. Tata Power is focused to constantly proliferate the group’s renewable energy portfolio and we plan to generate 35-40% of Tata Power's total generation from clean energy sources, largely through organic growth,” said Praveer Sinha, CEO & MD, Tata Power.
"The commissioning of 150MW capacity in Rajasthan has fortified our position as a leading renewable energy company in the country with a strong presence in solar power generation. We will continue to seek potential of sustainable growth of renewable power in India. This is our first ISTS project and first to follow Feb 2019 CEA guidelines, hence showcases our ability to execute complex solar projects," said Ashish Khanna, president-renewables, Tata Power.