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)

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code