Tata Power bags LoA from GUVNL


Tata Power bags LoA from GUVNL

Tata Power will develop 50 megawatts at Dholera Solar Park in Gujarat.

Tata Power announced after trading hours on Monday, 11 November 2019, that its wholly owned subsidiary, Tata Power Renewable Energy (TPREL), has received a Letter of Award (LoA) from Gujarat Urja Vikas Nigam (GUVNL) on 7 November 2019 to develop a 50 megawatts (MW) solar project in Dholera Solar Park in Gujarat. This LoA is in addition to the 250 MW solar project being set up by the company at Dholera Solar Park.

The energy will be supplied to GUVNL under a power purchase agreements (PPA), valid for a period of 25 years from scheduled commercial operation date. The company has won this capacity in a bid announced by GUVNL in June 2019. The project has to be commissioned within 15 months from the date of execution of the PPA. Read More

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