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Tata Power Company’s subsidiary -- Tata Power Renewable Energy (TPREL) has received a Letter of Award (LOA) for developing a 200 MW Firm and Dispatchable Renewable Energy (FDRE) project with SJVN (SJVN). SJVN is an Indian public sector undertaking (PSU) involved in hydroelectric and renewable power generation and transmission and has been designated as the Renewable Energy Implementing Agency (REIA) by MNRE for achieving the nation's target of achieving 500 GW by 2030.
To meet the 200 MW FDRE requirement, the plant has been meticulously sized with a hybrid combination of solar, wind, and battery storage of appropriate capacities. This ensures that the energy generated by the plant is dispatched as and when needed by discoms during peak hours, providing stability to the grid.
FDRE provides round-the-clock power supply and supports the discoms in meeting Renewable Purchase Obligation (RPO) and Energy Storage Obligation (ESO). This is the first FDRE power tender won by TPREL, showcasing its commitment to ushering in reliable and sustainable energy solutions. The tender includes a Greenshoe option, allowing for additional capacity beyond the initial 200 MW.
This strategic collaboration with SJVN marks a significant milestone in TPREL’s journey to expand its portfolio and contribute to the nation's sustainable energy goals. The project is expected to be commissioned within 24 months from the PPA execution date. The project was awarded through competitive bidding, followed by a reverse eauction. The installation will offset around 9 lakh metric tonnes of CO2 emissions annually. With this win, the total renewables capacity of TPREL reaches 8,314 MW, which comprises 4,100 MW of projects in different phases of development and with an operating capacity of 4,214 MW, including 3,200 MW in solar projects and 1,014 MW in wind projects.
Tata Power Company is India’s largest integrated power company.
| Company Name | CMP |
|---|---|
| NTPC | 371.90 |
| Tata Power | 441.70 |
| Power Grid Corp | 325.45 |
| Adani Power | 680.25 |
| Torrent Power | 1422.00 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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