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Tata Power’s JV inks PPA with NTPC Vidyut Vyapar Nigam

18 Apr 2023 Evaluate

Tata Power Delhi Distribution (Tata Power-DDL), a joint venture between Tata Power and the Government of NCT of Delhi, has signed its first medium-term Hydro PPA (Power Purchase Agreement) with NTPC Vidyut Vyapar Nigam (NVVNL) to meet the projected peak demand.

Corresponding to the agreement, NVVNL will supply power to Tata Power-DDL for the next five years during the summer months (May to September), beginning from May 1, 2023. The collaboration will help Tata Power-DDL expands its Green portfolio.

The discom envisioned various policy decisions emphasizing increasing reliance on non-fossil resources and reaffirming its commitment to making a greener planet. Further, considering the prevailing summer period, Tata Power-DDL has made adequate power arrangements to ensure the sufficiency of power supply in its area of operations.

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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