TPREL Gets LOA for 200 MW Solar Project from MSEDCL

• Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited as well as among the considerable renewable energy players in the country, has received a 'Letter of Award' (LoA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL), an entirely had business entity under the Maharashtra Federal government, to set up a 200 MW solar PV project in Solapur, Maharashtra. The letter complies with a similar award to SJVN recently.

The project will certainly be commissioned within 18 months from the PPA implementation day. The project was awarded via affordable bidding, adhered to by a reverse e-auction. TPREL had bid for 300 MW at Rs 2.97/ kWh, and finally won 200 MW after 300 MW was designated to SolarArise (100 MW at Rs 2.90/ kWh) as well as SJVN (200 MW).

Talking on the win, Ashish Khanna, CHIEF EXECUTIVE OFFICER, Tata Power Renewable Energy Limited, stated, "We are proud that TPREL is playing a crucial role in meeting Maharashtra's renewable energy targets. We have a present country wide portfolio of more than 6.5 GW as well as safeguarding yet another 'Letter of Award' for establishing a 200 MW solar PV project underscores the trust fund and confidence MSEDCL has in our implementation and design capacities. We are confident that this project will even more strengthen our placement as a leader in offering clean and reliable power in the state for years ahead."

With this win, the complete renewables capacity of TPREL reaches 6,503 MW with a set up capacity of 3,909 MW (Solar-- 2,981 MW & Wind-- 928 MW) and also 2,594 MW under various stages of execution.