Tata Power Renewable signs pact with SJVN for 460 MW clean energy project

New Delhi: Tata Power Renewable Energy Ltd (TPREL) on Saturday said it has signed an agreement with state-owned SJVN Ltd to set up a 460 MW Firm and Dispatchable Renewable Energy (FDRE) project.

An FDRE plant enables round-the-clock power supply, assisting power distribution companies (DISCOMS) in fulfilling their Renewable Purchase Obligations (RPOs) and Energy Storage Obligations (ESOs).

PSU Watch is now on Whatsapp Channels. Click here to join

"The plant, designed to meet the 460 MW FDRE requirement, integrates solar, wind, and battery storage technologies to ensure efficient energy dispatch during peak hours, thereby stabilizing the grid," it said.

The plant is expected to generate nearly 3,000 million units (MUs) of power and offset 2,200 million kgs of CO₂ emissions annually, TPREL said in a statement.

"This partnership with SJVN Ltd will witness the deployment of sustainable energy solutions from TPREL. It will go a long way in meeting the green energy objectives of SJVN Ltd," said Deepesh Nanda, CEO and Managing Director, Tata Power Renewable Energy Ltd.

With this addition, the total renewables capacity of TPREL has reached 9,421 MW (PPA capacity is 7,978 MW) including 4,906 MW projects under various stages of implementation.

The company's operational capacity stood at 4,515 MW, which includes 3,485 MW of solar and 1,030 MW of wind power.

(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.)