Tata Power wins 330MW solar project in Madhya Pradesh

Tata Power’s wholly-owned subsidiary, TP Saurya, has received a Letter of Award from Rewa Ultra Mega Solar to set up a 330 megawatt (MW) solar power project in Neemuch Solar Park, Madhya Pradesh. The project has been awarded through tariff-based competitive bidding followed by an e-reverse auction.

The awarded capacity comprises two units of 170 MW and 160 MW, won at Rs2.14 and Rs 2.149 tariffs, respectively, in an auction by RUMSL.

“The projects will be set up at the Neemuch Solar Park in Neemuch district at Madhya Pradesh and the power will be supplied to the Indian Railways and the Madhya Pradesh Power Management Company under a power purchase agreement (PPA) valid for a period of 25 years,” the company said in its official statement. It added that the project will be commissioned within 19 months from the date of execution of the PPA.

“We are glad to receive this prestigious order. We have been progressively growing our portfolio of grid-scale solar plants across the country,” said Praveer Sinha, CEO and MD, Tata Power With this, the total renewable capacity of Tata Power will reach 4,361 MW with an installed capacity of 2,947 MW and 1,414 MW are under implementation. With 4.2 GW of clean generation capacity from solar, wind, hydro and waste heat recovery, Tata Power now has 32 per cent of its overall portfolio committed to clean energy generation.

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