Mumbai, May 30: Energy Major Tata Power said that the company’s wholly-owned subsidiary Tata Power Renewable Energy Limited (TPREL) has received a Letter of Award (LOA) from Gujarat Urja Vikas Nigam Limited (GUVNL) on May 28, 2019, to develop a 100 MW solar project in Raghanesda Solar Park of Gujarat.
The energy will be supplied to GUVNL under a Power Purchase Agreement (PPA) valid for a period of 25 years from the scheduled commercial operation date. The company has won this capacity in a bid announced by GUVNL in March 2019. The project has to be commissioned within 15 months from the date of execution of the PPA.
Commenting on this achievement, Praveer Sinha, CEO & MD, Tata Power, said, 'We are proud to announce that we have been awarded 100 MW Solar Project in Gujarat, and are thankful to the Government of Gujarat and the officials at GUVNL for this opportunity. We are delighted to contribute towards the realisation of our country’s commitment towards clean and green energy through solar power generation.'
'With this win, we continue to demonstrate our strong commitment towards renewable energy as well as project development, engineering and execution capabilities. This is an important milestone in our endeavour to generate 35-40 per cent of Tata Power's total generation capacity from clean energy sources. We hope to continue to build on our capabilities, deliver over expectations and create high benchmarks all around,' said Ashish Khanna, President-Renewables, Tata Power. (UNI)