January 02, 2018
Tata Power Renewable Energy commissions 50MW solar plant in Karnataka
National: Tata Power Renewable Energy (TPREL), India's largest renewable energy company and Tata Power's wholly-owned subsidiary, today announced that the company has commissioned its 50MW DCR solar plant at Pavagada Solar Park in Karnataka. The project was won by the company on April 4, 2016, under the National Solar Mission Phase-II Batch-II Tranche-I State Specific Bundling Scheme. With this development, TPREL's total installed operating capacity now stands at 1,664MW.
The 50MW solar plants have been built over 253 acres. Sale of power from the solar plant has been tied up under a 25-year Power Purchase Agreement with NTPC Ltd. at a tariff of Rs4.84/ unit.
Rahul Shah, CEO, Tata Power Renewable Energy, said, "The commissioning of the 50MW solar plant in Karnataka fortifies our position of being the largest renewable energy company in the country, with a strong presence in solar power generation. We prefer development opportunities in solar parks as land and evacuation are provided, and we can focus on the project. We are extremely proud of this development and we continue to seek potential areas across India and in select International markets through organic and inorganic opportunities."
TPREL recently commissioned 25MW solar plant in Charanka, Gujarat Solar Park, Gujarat, 30MW solar plant in Palaswade in Maharashtra and 100MW solar plant at Pavagada Solar Park in Karnataka. Tata Power’s vision is to have 35-40 percent of the company's total generation capacity from non-fossil fuel sources by 2025. Tata Power's renewable energy capacity this year crossed 2,000MW and green generation portfolio crossed the 3,000MW mark.