Tata Power Renewable Energy signs PPA for a hybrid project

01 Mar 2023

A power purchase agreement (PPA) for a 510 MW hybrid project was signed by Tata Power Delhi Distribution (Tata Power-DDL) and Tata Power Renewable Energy (TPREL), a Tata Power subsidiary, on Friday.

According to the project's official press release, Tata Power-DDL, a joint venture between Tata Power and the Delhi government, will yearly avoid an average of 1,540 MUs of CO2 emissions. It was also mentioned that the PPA can split 170 MW of solar power and 340 MW of wind power. It is one of the biggest hybrid projects in the nation, is in Karnataka, and will be put into service 24 months after the PA's execution date.

Ashish Khanna, CEO of Tata Power Renewable Energy, stated, "Tata Power Renewable has signed one of the largest PPAs in the country for a 510 MW hybrid project, via competitive bidding, displaying our future readiness and competence in project execution skills.

According to the press announcement, TPREL won this project through a competitive bidding process, and Tata Power-DDL then released the LOA. This victory extends the previous LOA of 255MW that was acquired in December 2022.

With this victory, TPREL's overall renewable energy capacity would be 6,303 MW, with 3,909 MW installed and 2,394 MW in various phases of implementation, it noted.

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