Tata Power to Develop 100 MW Solar Project at Dholera Solar Park

Tata Power has received the LOA from GUVNL to develop a 100 MW solar project in Dholera Solar Park of Gujarat.

Tata Power, India’s largest integrated power company, has announced the receipt of a Letter of Award (LOA) from the Gujarat Urja Vikas Nigam Limited (GUVNL) on October 9, 2020, to develop a 100 MW solar project in Dholera Solar Park of Gujarat.

The energy will be supplied to GUVNL under a Power Purchase Agreement (PPA), valid for a period of 25 years from the scheduled commercial operation date. The company has won this capacity in a bid announced by GUVNL in March 2020. The project has to be commissioned within 15 months from the date of execution of the PPA. With this award, the cumulative capacity under development in Gujarat would be 620 MW out of which 400 MW will be in Dholera Solar Park.

It is an important milestone in the company’s endeavour to generate 35 – 40 percent of Tata Power’s total generation capacity from clean energy sources and will go a long way to meet the country’s commitment towards green and clean energy. The Plant is expected to generate about 246 MUs of energy per year and will annually offset approximately 246 million kilograms of carbon dioxide.

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Tata Power’s renewable capacity will increase to 3936 MW, out of which 2637 MW is already operational and 1299 MW is under implementation including 100 MW won under this LOA.

In August, we had reported that auctions for GUVNL’s 700 MW solar tender saw the entire capacity awarded to five bidders. With Tata Power and Vena Energy submitting the winning bids (Lowest Bids – L1) of Rs 2.78/kWh. Both the  L1 bidders had secured capacities of 100 MW each under the tender.

Beyond the L1 bidders, ReNew Power secured 200 MW project capacity with its bid of Rs 2.79/kWh. SJVN Limited came in with the L3 bid of Rs 2.80/kWh and secured 100 MW capacity while TEQ Power secured the remaining 200 MW capacity with its bid of Rs 2.81/kWh. The ceiling tariff for the tender was set at Rs 2.92/kWh.

As per the RfS, GUVNL had re-tendered the 700 MW capacity which remained unallocated in solar tenders invited by the agency on January 16, 2019, (Phase V) and June 24, 2019 (Phase VII). As per GUVNL, the tender had been issued in order to fulfill the renewable power purchase obligation (RPPO) and to meet the future requirements of Discoms.