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Tata Power’s JV inks power purchase agreement for 180MW of solar power

27 Jul 2015 Evaluate

Tata Power Delhi Distribution (TPDDL), a joint venture (JV) of Tata Power and the Government of Delhi, has signed a power purchase agreement with SunEdison, the world’s largest renewable energy development company to buy 180MW of solar power. The agreement is in line with TPDDL’s continued focus on renewable energy, particularly, solar power. It will also help TPDDL meet its renewable power obligations (RPOs).

SunEdison will be setting up six plants of 30MW each totaling 180MW in Madhya Pradesh, and the power generated will be wheeled to TPDDL in Delhi for the next 20 years. The solar power plants are projected to produce 375,000MWh a year. The operation and maintenance of the solar power plant will be managed by SunEdison Services, which provides 24 / 7 asset management, monitoring and reporting services.

Tata Power is India’s largest integrated power company with a significant international presence. The Company has an installed generation capacity of 8747 MW in India and a presence in all the segments of the power sector viz Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.


Peers
Company Name CMP
NTPC 329.35
Tata Power 368.30
Adani Power 205.00
Power Grid Corpn. 263.50
Adani Energy Solut. 1382.00
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