NEW DELHI, SEP 18
Tata Power Renewable Energy Limited (TPREL), a leading player in the renewable energy sector and a subsidiary of Tata Power Company Limited, has secured a Letter of Award (LoA) from the Maharashtra State Electricity Distribution Company Limited (MSEDCL). This wholly-owned entity of the Maharashtra Government has awarded TPREL the development of a 400 MW Wind-Solar Hybrid project in Maharashtra.
The LoA includes an original contracted capacity of 200 MW, with a greenshoe option for an additional 200 MW. This makes it the largest renewable energy project undertaken by TPREL in the state to date. The project is part of MSEDCL’s broader initiative to meet the state’s Renewable Purchase Obligation (RPO) and address future power demands at competitive tariffs. The LoA was issued through a competitive bidding process conducted via an electronically based reverse auction portal.
TPREL’s competitive edge and expertise in delivering large-scale renewable projects were pivotal in securing this contract. The project is expected to be completed within 24 months from the signing of the Power Purchase Agreement (PPA) between TPREL and MSEDCL, and it will play a crucial role in reducing carbon emissions, with an estimated reduction of 895 million kilograms of CO2 annually.
The electricity generated by the hybrid project, which combines solar and wind energy, will be supplied to MSEDCL, helping the utility meet its energy needs sustainably and enhance Maharashtra’s renewable energy portfolio. The installation will make efficient use of local land resources, further boosting regional development. TPREL’s collaboration with the Government of Maharashtra and Discoms reinforces its commitment to advancing the state’s renewable targets and transitioning to a low-carbon future, highlighting TPREL’s dedication to green energy innovation and responsibly meeting evolving power demands.
With this achievement, TPREL’s total renewable energy capacity now stands at 10.5 GW, with 5.7 GW of projects in various stages of implementation. Its operational capacity has reached 4.8 GW, comprising 3.8 GW of solar and 1 GW of wind energy projects.
