Tata Power Renewable Energy bags 100 MW solar project in Karnataka under NSM

Tata Power Renewable Energy (TPREL) has bagged two solar grid connected photovoltaic projects of 50 MW capacities each in Pavagada Solar Park in the Tumkur district of Karnataka.

The projects have been awarded through OPEN category under the Jawaharlal Nehru National Solar Mission (JNNSM) Phase-Il Batch-Il Tranche-l under ‘State Specific Bundling Scheme’.

TPREL has received the Letter Of Intent to develop the projects and will sign a 25 year Power Purchase Agreement (PPA) with NTPC Vidyut Vyapar Nigam Ltd.

“Tata Power is delighted at this project win as it further fortifies our vision of generating 30-40 per cent of the Company’s total generation capacity from non-fossil fuel sources by 2025. The two solar projects will add 100 MW of non-fossil fuel energy to our total generation capacity, thereby, significantly increasing our green footprint. This move is line with the Government’s set target of 100 GW from solar energy by 2017. In the next 5 years, the Company plans to significantly add to its solar generation capacity,” said Anil Sardana, CEO & Managing Director, Tata Power.