Tata Power Delhi Distribution Ltd awarded the project to Tata Power Renewable Energy Ltd letter through an e-reverse auction
Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power has received the Letter of Award (LoA) from Tata Power Delhi Distribution Limited (Tata Power-DDL), a joint venture of Tata Power and the Govt. of NCT of Delhi, for setting up a 255 MW hybrid (wind and solar) power project in Karnataka. As per the official notification, the project will be commissioned within 24 months from the PPA execution date.
It is learnt that the power generated from the project will be supplied to Tata Power-DDL, which supplies electricity to over 7 million people in North Delhi. Further, the letter indicates the current capacity bifurcation as 85MW solar and 170MW wind power with the green-shoe option of additional capacity of 85MW solar and 170MW wind.
TPREL CEO Mr Ashish Khanna remarked, “We are pleased to facilitate Tata Power-DDL’s clean energy requirements with the 255 MW hybrid power project. We envision that this association will also encourage other Discoms in the country to enhance the share of sustainable energy in their overall energy mix and contribute towards the country’s net zero emission target.”
The company noted that with this win, the total renewables capacity of TPREL reached 6,048 MW with an installed capacity of 3,884 MW (Solar – 2,956 MW & Wind – 928 MW) and 2,164 MW under various stages of implementation.
Tata Power is India’s leading integrated power company and together with its subsidiaries and jointly controlled entities, it claims to have an installed / managed capacity of 14,076 MW. The Company is said to have a presence across the entire power value chain – generation of renewable as well as conventional power including hydro and thermal energy, transmission & distribution and trading.
Tata Power Renewable Energy Ltd, a subsidiary of The Tata Power Company Ltd is a developer of renewable energy projects (including solar, wind, hybrid, round-the-clock (RTC), peak, floating solar, storage systems including battery storage) which it owns, operates and maintains.
