Tata Power Invites EoI for 500 MW Renewable Energy Procurement

07 Jan 2025 CW Team

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)

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