TPSL receives LOI to set up 250 MW solar project in Maharashtra

 

TP Saurya Limited (TPSL), a wholly owned subsidiary of Tata Power, received the letter of intent (LoI) from Maharashtra State Power Generation Company (MAHAGENCO) for setting up of 250 MW grid-connected solar photovoltaic power plant at the Dondaicha Solar Park in Dhule District of Maharashtra. TPSL was awarded the project through a tariff-based competitive bidding process and an e-Reverse auction. The solar plant project will be commissioned within 15 months from the date of the power purchased agreement signing.

 

As per the reports, the total renewable capacity of Tata Power will reach 4,611 MW with an installed capacity of 2,947 MW and 1,664 MW under implementation. In May 2021, TP Saurya won the auction conducted by MAHAGENCO for the development of 250 MW of grid-connected solar photovoltaic projects at the Dondaicha Solar Park in Dhule, Maharashtra. The company won the entire capacity at a tariff of Rs 2.51 per kWh. The tender had a tariff ceiling of Rs 2.83 per kWh.

 

In March 2021, Tata Power signed a power purchase agreement (PPA) with Tata Steel Limited to develop a 15 MW solar project at Jamshedpur, Jharkhand. The plant will be developed by TP Saurya and will supply electricity to Tata Steel Limited under a PPA valid for 25 years from the scheduled commissioning date. The project must be commissioned within six months of the date of signing of the PPA. Once commissioned, it will generate an average of 32 million units of electricity per year and reduce carbon dioxide emissions to the extent of 25.8 million kg annually.

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