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Tata Power’s arm inks power delivery agreement with Tata Communications

14 Feb 2024 Evaluate

Tata Power Company’s subsidiary -- Tata Power Renewable Energy (TPREL) has signed a power delivery agreement with Tata Communications, a leading communications technology (commtech) player, for an 18.75 MW AC group captive solar power plant. The project, facilitated through a special purpose vehicle (SPV) - Nivade Windfarm - has acquired an estimated order value of Rs 105 crore. Located in Aachegaon, Maharashtra, the plant is projected to generate around 40 MUs of power while offsetting more than 30,000 tonnes of CO2 emissions annually. 

With the addition, the total renewables capacity of TPREL reached 9,015 MW (PPA capacity is 7,629 MW), including 4,744 MW of projects in different phases of development. The company has operating capacity of 4,271 MW, including 3,244 MW in solar projects and 1,027 MW in wind projects.

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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