10/14/2020 | Press release | Distributed by Public on 10/13/2020 23:14
Tata Power, India's largest integrated power company, announced the receipt of a Letter of Award (LOA) from the Gujarat Urja Vikas Nigam Limited (GUVNL) on Friday 9th October 2020 to develop a 100 MW solar project in Dholera Solar Park of Gujarat.
The energy will be supplied to GUVNL under a Power Purchase Agreement (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 March 2020. The project has to be commissioned within 15 months from the date of execution of the PPA.
With this award, the cumulative capacity under development in Gujarat would be 620 MW out of which 400 MW will be in Dholera Solar Park.
It is an important milestone in the Company's endeavour to generate 35 - 40% of Tata Power's total generation capacity from clean energy sources and will go a long way to meet the country's commitment towards green and clean energy.
The Plant is expected to generate about 246 MUs of energy per year and will annually offset approximately 246 million kilograms of carbon dioxide.
Tata Power's renewable capacity will increase to 3936 MW, out of which 2637 MW is already operational and 1299 MW is under implementation including 100 MW won under this LOA.
Tata Power is India's largest integrated power company and, together with its subsidiaries & jointly controlled entities, has an installed/ managed capacity of 12,742 MW. A pioneer in the field, it has a presence across the entire power value chain - generation of renewable as well as conventional power including hydro and thermal energy, transmission & distribution, trading and coal & freight logistics. With nearly 2.6GW of renewable energy assets in solar and wind accounting for 30% of the company's portfolio, Tata Power is a leader in clean energy generation. In line with the company's view on sustainable and clean energy development, Tata Power is steering the transformation of utilities to integrated solutions by looking at new business growth in EV charging & storage, distributed generation & rooftops, micro grids and home automation & smart meters. It has successful public-private partnerships in generation, transmission & distribution in India, namely 'Tata Power Delhi Distribution Ltd.' with Delhi Vidyut Board for distribution in North Delhi; 'Tata Power Ajmer Distribution Ltd.' with Ajmer Vidyut Vitran Nigam Ltd. for distribution in Ajmer; 'Powerlinks Transmission Ltd.' with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi; 'Maithon Power Ltd.' with Damodar Valley Corporation for a 1050 MW Mega Power Project at Jharkhand. Tata Power is serving more than 2.6 million distribution consumers in India and has developed the country's first 4000 MW Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology.
With its 105 years track record of technology leadership, project execution excellence, world-class safety processes, customer care and driving green initiatives, Tata Power is poised for multi-fold growth and committed to 'lighting up lives' for generations to come. Visit us at: www.tatapower.com