The company has received LoA to develop 100 MW solar project in Maharashtra. The energy will be supplied to MSEDCL 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 MSEDCL under Phase-V dated December 2019.
The project is required to be commissioned within 18 months from the date of execution of the PPA.
The solar power plant is expected to generate about 240 MUs of energy per year and will annually offset approximately 240 million kg of CO2.
Tata Power’s renewable capacity will increase to 3,557 MW, out of which 2,637 MW is operational and 920 MW is under implementation, including 100 MW won under the LoA.