Tata Power has received a Letter of Award from Gujarat Urja Vikas Nigam Ltd (GUVNL) on to develop a 60-mw solar project in Gujarat.
This project has taken Tata Power’s solar power capacity under development in Gujarat to 580 mw.
In a media release, Tata Power said that the LoA was issued on March 26, 2021, adding that the energy will be supplied to GUVNL under a power purchase agreement (PPA), valid for a period of 25 years from scheduled commercial operation date.
Speaking on this achievement, Dr. Praveer Sinha, CEO & MD, Tata Power, said, “We are proud to announce that we have been awarded 60 mw solar project in Gujarat, and are thankful to the Government of Gujarat and the officials at GUVNL for this opportunity. With this award the cumulative capacity under development in Gujarat would be 580 mw. We are delighted to contribute towards the realisation of our country’s commitment towards clean and green energy through solar power generation”.
Tata Power won this capacity in a bid announced by GUVNL in January 2021. The project has to be commissioned within 18 months from the date of execution of the PPA.
The proposed plant is expected to generate about 156 million kwh of energy per year and will annually offset approximately 156 million kg of CO2.
With this new project, Tata Power’s renewable capacity will increase to 4,007 mw, out of which 2,687 mw is operational and 1,320 mw (including 60 mw won under this PPA), is under implementation, the release said.
(Featured photograph for illustration only)