Tata Power wins 150-MW solar project in Maharashtra

12/06/2018 09:33 Solar

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The renewable energy business of Indian utility Tata Power Co Ltd (BOM:500400) has won a 150-MW solar photovoltaic (PV) project in the state of Maharashtra, the company said on Monday.

Tata Power Renewable Energy Ltd (TPREL) got the letter of award to develop the scheme and anticipates to ink a 25-year power purchase agreement (PPA) with the Maharashtra State Electricity Distribution Co Ltd (MSEDCL). The latter invited bids for 1,000 MW of grid-connected solar capacity.

 

The signing of the contract is pending clearance from the Maharashtra Electricity Regulatory Commission (MERC).

 

TPREL's current operating capacity amounts to 1,664 MW, which includes 530 MW of wind and 1,134 MW of solar capacity in Maharashtra, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Punjab, Bihar, Tamil Nadu, Karnataka and Rajasthan.

 

Tata Power aims for 35% to 40% of its generating capacity to come from non-fossil fuel sources by 2025.

Source: renewablesnow.com

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