Tata Power to Develop 100 MW Solar Project at Dholera Solar Park

• Tata Power has actually obtained the LOA from GUVNL to establish a 100 MW solar project in Dholera Solar Park of Gujarat.

Tata Power, India's biggest incorporated power business, has actually introduced the receipt of a Letter of Award (LOA) from the Gujarat Urja Vikas Nigam Limited (GUVNL) on October 9, 2020, to establish a 100 MW solar project in Dholera Solar Park of Gujarat.

The power will be supplied to GUVNL under a Power Purchase Agreement (PPA), legitimate for a duration of 25 years from the arranged commercial procedure date. The firm has actually won this capability in a quote announced by GUVNL in March 2020. The project has to be appointed within 15 months from the date of implementation of the PPA. With this honor, the cumulative capability under development in Gujarat would be 620 MW out of which 400 MW will certainly remain in Dholera Solar Park.

It is an important milestone in the business's effort to create 35-- 40 percent of Tata Power's complete generation ability from clean energy sources as well as will certainly go a long way to meet the nation's commitment towards environment-friendly as well as tidy power. The Plant is expected to create concerning 246 MUs of power each year and also will yearly balance out roughly 246 million kilos of carbon dioxide.

Tata Power's renewable capacity will certainly increase to 3936 MW, out of which 2637 MW is already operational as well as 1299 MW is under implementation including 100 MW won under this LOA.

In August, we had reported that auctions for GUVNL's 700 MW solar tender saw the entire capacity awarded to 5 bidders. With Tata Power as well as Vena Energy submitting the winning bids (Lowest Bids-- L1) of Rs 2.78/ kWh. Both the L1 bidders had safeguarded abilities of 100 MW each under the tender.

Past the L1 bidders, ReNew Power protected 200 MW project capacity with its quote of Rs 2.79/ kWh. SJVN Limited was available in with the L3 proposal of Rs 2.80/ kWh as well as secured 100 MW capability while TEQ Power protected the continuing to be 200 MW capacity with its bid of Rs 2.81/ kWh. The ceiling toll for the tender was evaluated Rs 2.92/ kWh.

According to the RfS, GUVNL had actually re-tendered the 700 MW capability which stayed unallocated in solar tenders invited by the agency on January 16, 2019, (Phase V) and also June 24, 2019 (Phase VII). According to GUVNL, the tender had been issued in order to fulfill the sustainable power acquisition responsibility (RPPO) as well as to meet the future needs of Discoms.