Tata Power's Arm To Set Up 250 MW Solar Power Plant In Maharashtra

TP Saurya Ltd (TPSL), a wholly owned subsidiary of Tata Power, has received a letter of intent from Maharashtra State Power Generation Co Ltd (MAHAGENCO) for setting up of a 250 MW grid-connected solar photovoltaic power plant in Maharashtra.

The project has been awarded to TPSL through tariff-based competitive bidding followed by e-reverse auction.

The company received the LoI in a bid announced by MAHAGENCO for setting up a 250 MW solar plant at Dondaicha Solar Park in Dhule district of Maharashtra. Maharashtra State Electricity Distribution Company Ltd (MSEDCL) has conveyed consent to purchase the power generated from this solar plant.

The solar plant project will be commissioned within 15 months from the date of power purchase agreement execution.

Praveer Sinha, CEO and Managing Director, said the project will further promote the share of renewable power in overall energy mix in Maharashtra.

"We are proud to win this large scale grid-connected solar photovoltaic EPC power project. We are one of the leaders in solar power and committed to usher in an era of clean energy in the country," he said in a statement.

With this, the total renewable capacity of Tata Power will reach 4,611 MW with an installed capacity of 2,947 MW and 1,664 MW under implementation.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor