Tata Power’s wholly owned subsidiary -- Tata Power Renewable Energy (TPREL) -- has received a Letter of Award (LoA) from Karnataka Renewable Energy Development (KREDL) to develop 250 MW (50 MW x 5 Nos) of solar projects located in state’s Tumkur district at Karnataka.
The projects will be set up at the Pavagada Solar Park in Tumkur district at Karnataka and the energy will be supplied to the State Discoms under a Power Purchase Agreements (PPA), valid for a period of 25 years. The company has won this capacity in a bid at a tariff of Rs 2.85/kWH announced by KREDL during April 2018. The projects will be commissioned within 12 months from the date of signing of the PPA.
Tata Power is India’s largest integrated power company with a growing international presence. The company together with its subsidiaries and jointly controlled entities has presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.
Company Name | CMP |
---|---|
NTPC | 361.35 |
Tata Power | 431.45 |
Power Grid Corp | 314.20 |
Adani Power | 639.80 |
Torrent Power | 1364.20 |
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