Tata Power Company has received a Letter of Award (LoA) from Solar Energy Corporation of India (SECI) for providing energy storage service from Pumped Storage Plant (PSP) of 324MW / 2592 MWH capacity for 40 years from scheduled commencement of supply date at agreed fixed annual charge and cycle loss. SECI will sign Pumped Storage Purchase Agreement (PPA) with the Company subsequent to signing of Pumped Storage Sale Agreement with buying entities.
The company shall commence supply of storage capacity within 36 months of effective date of PPA. Annual Fixed Charge of Rs 1.08 crore/MW/Year with annual cycle loss of 24.61%. The total annual fixed charge for 324 MW capacity is Rs 351.3 crore.
Tata Power Company is India’s largest integrated power company. It is a pioneer credited with steering the energy sector on technology, process and platform.
| Company Name | CMP |
|---|---|
| NTPC | 350.55 |
| Tata Power | 378.60 |
| Power Grid Corpn. | 289.35 |
| Adani Power | 216.95 |
| Torrent Power | 1432.30 |
| View more.. | |
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: