IBEF: June 16, 2020
Tata Power’s renewable energy arm, Tata Power Renewable Energy bagged an order from Gujarat Urja Vikas Nigam to develop a 120 megawatt (MW) solar project in Gujarat.
Tata Power’s total renewable capacity stands at 3,457 MW after this project. It is scheduled to be commissioned in 18 months.
“We continue to demonstrate our strong commitment towards renewable energy as well as project development, engineering and execution capabilities. We hope to continue to build on our capabilities, deliver over expectations and create high benchmarks all around.” said Mr Ashish Khanna, President-Renewables, Tata Power.
The project was won by Tata Power Renewable under the eight-phase of bidding by GUVNL. The electricity produced from the unit will be supplied to GUVNL under a power purchase agreement for 25 years from the time it starts operations.
It is expected to generate about 300 million units of electricity every year and will annually offset approximately 300 million kg of carbon dioxide emission.
Tata Power’s renewable capacity includes 2,637 MW of operational and 820 MW of projects that are under implementation, which includes this project.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.