New Delhi: Tata Power has received a Letter of Award (LoA) for developing a 60 MW solar power project from Gujarat Urja Vikas Nigam Ltd (GUVNL). In an official statement released on Tuesday, Tata Power said, "… the Company has received a Letter of Award from Gujarat Urja Vikas Nigam Limited (GUVNL) on 26th March 2021 to develop a 60 MW solar project in the state 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.
Tata Power won the capacity in a bid announced by GUVNL in January this year. The project has to be commissioned within 18 months from the date of execution of the PPA.
Commenting on the 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."
The plant is expected to generate about 156 MUs of energy per year and will annually offset approximately 156 Million Kg of CO2. Tata Power's renewable capacity will increase to 4,007 MW, out of which 2,687 MW is operational and 1,320 MW is under implementation, including 60 MW won under this PPA.
Tata Power has an installed, managed capacity of 12,792 MW. It has presence across the entire power value chain — generation of renewable as well as conventional power, including hydro and thermal energy, transmission and distribution, coal and freight, logistics and trading. With nearly 3.9 GW of clean energy generation from solar, wind, hydro and waste heat recovery, renewable energy accounts for 31 percent of the Tata Power's portfolio.
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