The Maharashtra State Electricity Distribution Company (MSEDCL) has issued a letter of award (LoA) to Tata Power Company’s (TPC) wholly owned subsidiary TP Saurya for the construction of a 300 MW hybrid power plant. Tata Power won this project as part of a tariff-based competitive bidding round. Within 18 months of the PPA’s implementation, the project will be commissioned.
Tata Power’s total renewable capacity will now be 4,907 MW, with 2,953 MW of installed capacity and 1,954 MW under construction. With an installed generation capacity of 13,068 MW as of September 2021, the TPC is one of India’s largest private-sector power providers. Power generation from thermal, hydro, solar, and wind sources, as well as transmission and distribution, are all part of the company’s operations. In addition, the corporation holds coal mines in Indonesia and a coal mining licence in Russia.
Earlier this month, Tata Power Solar Systems Limited, wholly-owned subsidiary of Tata Power, has received a LoA from SECI for EPC of a 100 MW solar project along with 120 MWh utility-scale battery energy storage system. The total contract value of the project is estimated to be Rs 9.45 billion. The project will be executed within 18 months.