Tata Power Renewable Energy has won 30 mw solar grid connected photovoltaic project in Maharashtra, company said on Tuesday. “The project have been awarded in the DCR (Domestic Content Requirement) category under the Jawaharlal Nehru National Solar Mission (JNNSM) Phase-II Batch-III tranche-I under ‘State Specific Bundling Scheme’,” Tata Power said in the press statement today.
A unit of Tata Power, TPREL has received the Letter of Intent (LoI) to develop the project and will sign a 25-year power purchase agreement with NTPC Vidyut Vyapar Nigam.
“This is the third LoI received by TPREL in recent months and brings our solar bid wins to 145 mw. Receiving this LoI for 30 mw of non-fossil fuel energy will further add to our total generation capacity, thereby, significantly increasing our green footprint,” said Rahul Shah, chief executive officer of TPREL.
The idea is to align the company’s vision with the government’s vision. Government under JNNSM, the target is achieve 100 gw of solar installations by 2022. “We will continue to grow our capacity through organic and inorganic means over the next few years to contribute to Tata Power’s aggressive target of 20,000 mw of total capacity by 2025.”
Latest posts by Team EnergyInfraPost (see all)
- Global Crude Oil Price of Indian Basket Was US$ 50.51 per bbl on 23.08.2017 – August 24, 2017
- Tata Power’s Renewable Portfolio Records 329% Increase In Consolidated PAT In Q1 FY18 vis-a-vis Q1 FY17 – August 23, 2017
- Global Crude Oil Price Of Indian Basket Was US$ 50.56 Per Bbl On 22.08.2017 – August 23, 2017