July 20, 2017
ICRA assigns Solar Power 1A rating to Tata Power Delhi Distribution for system integration of solar projects
- The rating affirms TPDDL’s ‘Highest Performance Capability’ and ‘Highest Financial Strength’ to undertake solar projects
- TPDDL is empanelled with Ministry of New & Renewable Energy (MNRE) as First Utility Channel Partner for System Integration of Grid Connected Rooftop Systems
- TPDDL is the only power distribution utility to be a channel partner with MNRE with ‘SP 1A’ grading.
- TPDDL has also received National Award for Promotion of Rooftop Solar Programs from the MNRE, Government of India.
New Delhi: Tata Power Delhi Distribution (TPDDL) has been assigned Solar Power 1A (SP 1A) rating by ICRA, one of India’s leading rating agencies, for the second time in a row.
The acknowledgement has been credited to TPDDL as the highest honour rating of SP1A (pronounced as Solar Power One A) as a System Integration Grading for Solar PV projects. The rating indicates ‘Highest Performance Capability’ and ‘Highest Financial Strength’ of TPDDL to undertake system integration for solar PV projects.
While assigning the rating, ICRA considered TPDDL’s financial flexibility and strengths arising from its status as a 51 percent subsidiary of Tata Power Company, its experienced team of technocrats and investment and finance professionals, positive feedback from the customers and suppliers. The agency also took into account the company’s execution capability by successfully commissioning 1.77MW of solar power plants in its own premises, system integration for more than 130 solar projects among its customers with a capacity more than 6.5MWp and solar project management initiatives in other states such as Assam and Arunachal Pradesh. The rating is valid for a period of two years, up to July 16, 2019. Earlier, the company has held the SP 1A rating for a previous two-year period.
TPDDL provides single-window services through its empanelled agencies, starting with initial site survey, designing, installation, feasibility and commissioning of solar plant at consumer doorstep in accordance with the stipulated norms. Its consumer care centres and call centres can be further contacted for the same.
Speaking on the development, Praveer Sinha, chief executive officer and managing director, TPDDL said, “We have been an active participant for the promotion of solar energy in the country. The SP 1A certification from ICRA is a testimony to the same. We will continue our efforts towards enhancing the use of solar power and contribute towards the national solar mission, which aims to establish India as a global leader in solar energy.”
TPDDL solar journey:
The company started its solar journey in 2008 and today it has 15 solar plants installed in its license area, with total capacity of 1.78MW. The most significant in the line is the megawatt class of grid-connected solar plant at its Central Stores at Keshavpuram, with dual usage of a roof covering more than 11,000 sq m area of the stores. TPDDL has also installed 12 standalone solar systems in RWA porta cabins in the NDMC area of New Delhi, with a 1MW solar plant in Keshavpuram. To address the resource planning challenges and to improve the power supply reliability, it has roped in Energy and Environmental Economics, Inc., San Francisco, California, US, to carry out a study for exploring feasibility of various DER technologies in the form of solar PV, demand response and storage solutions, and to prepare a roadmap for TPDDL’s grid integrated rooftop solar PV and demand response projects. TPDDL has estimated a potential of approximately 400 MWp of solar roof top capacity in its licensed area in Delhi through a study conducted by E3 Consulting Agency and sponsored by USTDA.