Tata Power Renewable Energy Ltd (TPREL), a wholly-owned subsidiary of Tata Power, has completed acquisition of 100 per cent shareholding in Indo Rama Renewables Jath Ltd (IRRJL), which is a 100 per cent subsidiary of Indo Rama Renewables Ltd (IRRL).
IRRJL has a 30 MW operating wind farm in Sangli district of Maharashtra. The wind farm, which has been fully operational since July 2013, has a long-term power purchase agreement with Maharashtra State Electricity Distribution Ltd and is registered under the generation-based incentive scheme of the Ministry of New & Renewable Energy. Following this acquisition, Tata Power’s total generation capacity becomes 9213 MW and its current operating non-fossil based capacity at 1704 MW. The company has an operating wind capacity of 647 MW across Madhya Pradesh, Maharashtra, Gujarat, Tamil Nadu, Karnataka and Rajasthan. TPREL has an additional 500 MW of wind and solar capacity under development in Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka and Telangana, it said in a statement.