TPREL to set up 255 MW hybrid project in Karnataka 
Corporate Watch

TPREL to set up 255 MW hybrid project in Karnataka

TPREL has received LoA from Tata Power-DDL through e-reverse auction for setting up a 255 MW hybrid (wind and solar) power project in Karnataka

PSU Watch Bureau

New Delhi: Tata Power Renewable Energy Limited (TPREL) has received a Letter of Award (LoA) from Tata Power-DDL for setting up a 225 MW hybrid power project in Karnataka. According to a statement, the project will be commissioned within 24 months from the signing of the Power Purchase Agreement (PPA). The power generated from the project will be supplied to Tata Power-DDL, which supplies electricity to a populace of over seven million in north Delhi.

TPREL received the LoA from Tata Power-DDL through e-reverse auction

"TPREL has received the LoA from Tata Power-DDL through e-reverse auction (route) for setting up a 255 MW hybrid (wind and solar) power project in Karnataka," said Tata Power in the statement on Wednesday. TPREL is a subsidiary of Tata Power, and Tata Power Delhi Distribution Limited (Tata Power-DDL) is a joint venture company of Tata Power and the government of NCT of Delhi.

"The letter indicates the current capacity bifurcation as 85 MW solar and 170 MW wind power with the green-shoe option of additional capacity of 85 MW solar and 170 MW wind," the company said.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

SBI may not require equity capital for 6 years, to garner Rs 12,500 crore via bonds in FY26: Setty

ECL drives large-scale awareness campaign on newly notified Labour Codes

India, UAE discuss market access, data sharing, FTA progress

GMR Airport's subsidiary avails Rs 750 cr loan facility for developing cargo city at Delhi airport

HUDCO signs MoU with NIUA to collaborate on urban infrastructure development