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Tata Power’s arm receives LoA to develop a 100 MW solar project in Maharashtra

19 Jun 2020 Evaluate

Tata Power Company’s wholly owned subsidiary -- Tata Power Renewable Energy (TPREL) has received Letter of Award (LoA) from Maharashtra State Electricity Distribution (MSEDCL) to develop a 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.

Tata Power Company is India’s largest integrated power company with a growing international presence.

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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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