Tata Power Company’s wholly owned subsidiary -- Tata Power Renewable Energy (TPREL) has received a Letter of Award from Gujarat Urja Vikas Nigam (GUVNL) to develop a 50 MW solar project in Dholera Solar Park in Gujarat.
This LoA is in addition to the 250 MW Solar Project being set up by the Company at Dholera Solar Park. The energy will be supplied to GUVNL under a Power Purchase Agreements (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 June 2019. The project has to be commissioned within 15 months from the date of execution of the PPA.
Tata Power Company 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 | 358.30 |
Tata Power | 431.50 |
Power Grid Corp | 292.60 |
Adani Power | 592.40 |
Torrent Power | 1511.20 |
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