+
Tata Power Invites EoI for 500 MW Renewable Energy Procurement
POWER & RENEWABLE ENERGY

Tata Power Invites EoI for 500 MW Renewable Energy Procurement

Tata Power Trading Company (TPTCL), a subsidiary of Tata Power, has released an Expression of Interest (EoI) to procure up to 500 MW of renewable energy, encompassing solar, wind, hybrid, hydroelectric projects, or green attributes for a contract period of up to 25 years. Interested bidders must submit their proposals by January 31, 2025. The procurement scope includes off-taking energy or green attributes generated from renewable projects, with flexibility for physical or virtual procurement. The delivery point will be the interconnection between the project and the central or state transmission utility network. A minimum bid of 10 MW is required, with the contract extending up to 25 years.

Criteria:

  • Bidders may be utilities, single companies, or consortiums.
  • A minimum net worth of Rs 100 million is mandatory.
  • Depending on capacity, additional net worth requirements apply:
  • 10 MW to 50 MW: Rs 500 million
  • 50 MW to 100 MW: Rs 1 billion
  • 100 MW to 200 MW: Rs 2 billion
  • 200 MW to 300 MW: Rs 3 billion
  • 300 MW to 400 MW: Rs 4 billion
  • 400 MW to 500 MW: Rs 5 billion

Amid volatile coal and gas prices, TPTCL aims to offer end buyers a stable generation tariff for renewable energy over the 25-year term.

Recently, TPTCL signed a power purchase agreement to supply 10.8 MW of wind energy to Noida International Airport through assets secured from Tata Power Renewable Energy’s group captive projects.

(mercom)

Tata Power Trading Company (TPTCL), a subsidiary of Tata Power, has released an Expression of Interest (EoI) to procure up to 500 MW of renewable energy, encompassing solar, wind, hybrid, hydroelectric projects, or green attributes for a contract period of up to 25 years. Interested bidders must submit their proposals by January 31, 2025. The procurement scope includes off-taking energy or green attributes generated from renewable projects, with flexibility for physical or virtual procurement. The delivery point will be the interconnection between the project and the central or state transmission utility network. A minimum bid of 10 MW is required, with the contract extending up to 25 years. Criteria: Bidders may be utilities, single companies, or consortiums.A minimum net worth of Rs 100 million is mandatory.Depending on capacity, additional net worth requirements apply:10 MW to 50 MW: Rs 500 million50 MW to 100 MW: Rs 1 billion100 MW to 200 MW: Rs 2 billion200 MW to 300 MW: Rs 3 billion300 MW to 400 MW: Rs 4 billion400 MW to 500 MW: Rs 5 billion Amid volatile coal and gas prices, TPTCL aims to offer end buyers a stable generation tariff for renewable energy over the 25-year term. Recently, TPTCL signed a power purchase agreement to supply 10.8 MW of wind energy to Noida International Airport through assets secured from Tata Power Renewable Energy’s group captive projects. (mercom)

Next Story
Infrastructure Urban

Revolt Motors Unveils ‘Azadi From Petrol’ Offer

To mark India’s 78th Independence Day, Revolt Motors, the country’s leading electric motorcycle brand, has introduced its special “Azadi From Petrol” offer, encouraging riders to break free from rising fuel costs and embrace smarter, sustainable mobility.Under this limited-period scheme, customers purchasing any Revolt electric motorcycle can enjoy benefits worth up to Rs 20 million. The package includes zero insurance fees, providing free coverage valued at up to Rs 7 million, along with cash savings of up to Rs 13 million.The initiative highlights Revolt’s mission to make electric ..

Next Story
Infrastructure Energy

Inox Green Signs 182 MW Wind O&M Deal

Inox Green Energy Services Ltd., one of India’s leading renewable energy operations and maintenance (O&M) providers, has signed an agreement with a major diversified Indian conglomerate for the comprehensive O&M of 182 MW of operational wind projects under its renewable energy division.Located across multiple sites in Western India, these projects are integrated with common infrastructure owned by Inox Green. The deal includes converting 82 MW of wind projects from limited-scope to comprehensive O&M, as well as renewing comprehensive O&M for another 100 MW well ahead of sched..

Next Story
Infrastructure Urban

MPL Q1 Profit Rises to Rs 144 Million

Manali Petrochemicals Limited (MPL), a leading petrochemical manufacturer and part of AM International, Singapore, has reported its unaudited consolidated financial results for the quarter ended 30 June 2025.The company posted a consolidated total income of Rs 2.43 billion for the quarter, up from Rs 2.38 billion in the preceding quarter ended 31 March 2025. Profit Before Tax (PBT) stood at Rs 200 million, compared to Rs 159 million in the previous quarter, while Profit After Tax (PAT) rose to Rs 144 million from Rs 108 million. For the full year ended 31 March 2025, MPL recorded a total incom..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?