TP Saurya Limited, a unit of Tata Power, has secured a letter of award from Rewa Ultra Mega Solar Limited (RUMSL) to construct a 330 MW solar plant in the 500 MW Neemuch Solar Park in Madhya Pradesh. TP Saurya was awarded two capacities – 170 MW and 160 MW, both at a quoted tariff of Rs 2.14 per kWh in the auction held by RUMSL.
Under a 25-year power purchase agreement, the electricity would be sold to Indian Railways and Madhya Pradesh Power Management Company. Within 19 months of signing the PPA, the project is expected to be completed. The projects will bring Tata Power’s total renewables capacity to 4.36 GW. The total includes an installed capacity of 2.9 GW and 1.4 GW under implementation.
In September 2020, Tata Power signed a PPA with Tata Motors to commission India’s largest carport. The project has a 6.2 MWp capacity and is expected to reduce 160,000 tonnes of carbon emissions for Tata Motors in its lifetime. In January 2021, Tata Power announced that it had received the order from the Kerala State Electricity Board to develop a 110 MW solar power project in the state. It is estimated that the contract size is about Rs 4.88 billion and the project is expected to generate 274 million units of electricity and reduce 274 million kg of carbon dioxide annually.
