Tata Power, India’s largest integrated power company, today announced that its 100% subsidiary Tata Power Renewable Energy Ltd. (TPREL) commissioned 100 MW (50 MW x 2) solar capacity in Anantapur Solar Park, Andhra Pradesh. With this, the overall operating renewable capacity of TPREL now stands at 2,215 MW in India.
The sale of power from this solar plant has been tied up under a 25 year Power Purchase Agreement with Solar Energy Corporation of India (SECI). This is part of the implementation of the MNRE scheme for developing grid connected solar power capacity of Jawaharlal Nehru National Solar Mission (JNNSM) Phase II, Batch-III of the Government of India through Viability Gap Funding (VGF) Mode.
“Renewable energy is the future for ‘New India’ and will play a big role in providing the country “24X7 Power for All by 2019”. For a tropical country like India, solar energy has the highest potential. Tata Power is focused to constantly proliferate the group’s renewable energy portfolio and we plan to add around 1000 MW renewable energy capacity to our portfolio every year, scaling it to 45-50% in the next five years, largely through organic growth.” Mr Praveer Sinha, CEO & Managing Director, Tata Power.
"The commissioning of 100 MW capacity in Anantapur has fortified our position as a leading renewable energy company in the country with a strong presence in solar power generation. We will continue to seek potential of sustainable growth in India and selected International geographies."Mr. Ashish Khanna, President-Renewables, Tata Power said.
The company has organically added 159 MW wind & solar capacity in FY17 along with the acquisition of Welspun Renewables Energy Pvt. Ltd. last year.