Tata Power bags 100 Mw solar projects in Karnataka – Feedback

Tata Power Renewable Energy on Thursday announced that it has won two solar-grid connected photovoltaic projects of 50 Mw capacity each in Karnataka.

“Company’s 100 per cent subsidiary, Tata Power Renewable Energy Ltd (TPREL) has won two Solar grid connected photovoltaic projects of 50 Mw capacity each in Pavagada Solar Park in the Tumkur district of Karnataka,” the company said in a statement. The projects have been awarded through open category under Jawaharlal Nehru National Solar Mission (JNNSM) Phase-II Batch-II Tranche-l under ‘State Specific Bundling Scheme’, the statement added. TPREL has received the Letter Of Intent (LoI) to develop the projects and will sign a 25 year Power Purchase Agreement (PPA) with NTPC Vidyut Vyapar Nigam Ltd. Tata Power CEO and Managing Director Anil Sardana said: “The two solar projects will add 100 Mw of non-fossil fuel energy to our total generation capacity, thereby, significantly increasing our green footprint.”

http://www.business-standard.com/article/pti-stories/tata-power-bags-100-mw-solar-projects-in-karnataka-116051900540_1.html

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *