Tata Power's step down subsidiary -- TP Saurya has signed a power purchase agreement with Tata Power Trading Company (TPTCL) to set up a 200 MW solar project at Bikaner in Rajasthan. TP Saurya (TPSL) is a subsidiary of Tata Power Renewable Energy (TPREL), which is an arm of Tata Power.
With the latest win, the total renewable energy capacity of TPREL reaches 6,788 MW with an installed capacity of 3,917 MW (solar 2,989 MW and wind - 928 MW) and 2,871 MW under various stages of implementation. The plant will be commissioned by March 2024. TPTCL has entered into a PPA with TPSL for a period of 25 years, and the project will supply 485 million units of energy annually.
Tata Power Company is India’s largest integrated power company.