Tata Power Renewable Energy signs PPA for a hybrid project
POWER & RENEWABLE ENERGY

Tata Power Renewable Energy signs PPA for a hybrid project

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.

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.

Next Story
Infrastructure Energy

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Next Story
Infrastructure Urban

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Next Story
Infrastructure Energy

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?