Tata Power To Set Up 250-Mw Solar Power Project In Karnataka
The power from the project will be supplied to the state distribution companies under a 25 year Power Purchase Agreement
Mumbai-based private power producer Tata Power on Wednesday announced its wholly-owned subsidiary Tata Power Renewable Energy Ltd (TPREL) has received a Letter of Award to set up solar power projects of 250 Megawatt (Mw) capacity in Karnataka.
Under the contract, placed by Karnataka Renewable Energy Development Ltd (KREDL), TPREL will commission five solar power projects of 50 Mw capacity each at Pavagada solar park in Tumkur district. The power from the project will be supplied to the state distribution companies under a 25 year Power Purchase Agreement.
“We continue to demonstrate our project development, engineering and execution capabilities. This is an important milestone in our endeavour to generate 35-40 per cent of Tata Power's total generation capacity from clean energy sources,” said Ashish Khanna, president-Renewables at Tata Power. “Pavagada Solar Park has provided us an opportunity to enhance our generation capacities in the same location and post development we will have the optimisation advantage of operating more than 400 Mw AC power from Pavagada,” he added.
The 250 Mw contract for solar power project is the largest capacity won by the company so far. Post the commissioning of the project, TPREL will have an overall operational capacity of 400 Mw in Pavagada Solar Park where 150 Mw capacity is currently operational. The company also said the plant is expected to offset around 578,631 tonne of carbon dioxide annually.
TPREL currently operates 2,215 Mw of power capacity including 931 Mw wind and 1,284 Mw solar power projects located in Maharashtra, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Punjab, Bihar, Tamil Nadu, Karnataka and Rajasthan. The company is also executing 121 Mw of renewable power projects at various locations on green-field basis.