Tata Power announced that Tata Power Renewable Energy Limited (TPREL), has received a Letter of Award from Gujarat Urja Vikas Nigam Limited (GUVNL) on 7th November to develop a 50 MW solar project in Dholera Solar Park in Gujarat. This LOA is in addition to the 250MW 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.
Praveer Sinha, CEO & MD, Tata Power, said, “With this award the cumulative capacity under development in Gujarat would be 400 MW. We are delighted to contribute towards the realisation of our country’s commitment towards clean and green energy through solar power generation.”
Ashish Khanna, President-Renewables, Tata Power said, “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.”