Tata Power (Mumbai), India’s largest integrated power company, on May 19th,
2016 announced that the Company’s 100% subsidiary, Tata Power Renewable
Energy Ltd. (TPREL) has won two grid-connected solar photovoltaic (PV)
projects of 50 MW capacity each in Pavagada Solar Park in the Tumkur
district of Karnataka.
The PV projects have been awarded under the
Jawaharlal Nehru National Solar Mission (JNNSM) Phase-Il Batch-Il
Tranche-l under “State Specific Bundling Scheme”.
TPREL has received the Letter Of Intent to develop
the projects and will sign a 25 year Power Purchase Agreement (PPA) with
NTPC Vidyut Vyapar Nigam Ltd.
“The two solar projects will add 100 MW of
non-fossil fuel energy to our total generation capacity, thereby,
significantly increasing our green footprint,” comments Anil Sardana,
CEO & Managing Director, Tata Power.
“This move is line with the Government’s set target
of 100 GW from solar energy by 2017. In the next 5 years, the Company
plans to significantly add to its solar generation capacity.”
source:http://www.solarserver.com
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