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Tata Power’s arm gets LoA to set up 150 MW solar project in Maharashtra

11 Nov 2022 Evaluate

Tata Power’s subsidiary -- Tata Power Renewable Energy (TPREL) has received the 'Letter of Award' (LoA) from the Maharashtra State Electricity Distribution Corporation (MSEDCL) to set up 150MW solar project in Solapur, Maharashtra.

The LoA was won through tariff-based competitive bidding followed by an e-Reverse auction. The project will be commissioned within 18 months from the PPA execution date. With this, the total renewables capacity of TPREL reaches 5,786 MW with an installed capacity of 3,877 MW (Solar - 2,949 MW & Wind - 928 MW) and 1,909 MW under various stages of implementation.

Tata Power Company is India's Largest Integrated Power Company.

Peers
Company Name CMP
NTPC 327.00
Tata Power 361.00
Adani Power 202.35
Power Grid Corpn. 263.50
Adani Energy Solut. 1350.00
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