TP Saurya Limited (TPSL), a wholly owned subsidiary of Tata Power, has received a “Letter of Award” (LoA) from Rewa Ultra Mega Solar Limited (RUMSL) to build 330 MW (Unit-1:160 MW + Unit-2:170 MW) of Solar Project in Neemuch Solar Park of Madhya Pradesh. This project has been awarded through Tariff-based competitive bidding followed by e-Reverse auction.
The Honourable Chief Minister of Madhya Pradesh Shri. Shivraj Singh Chouhan, in the presence of Shri. Hardeep Singh Dang, Hon'ble Minister of Department of New and Renewable Energy; Shri. Sanjay Dubey (IAS), Principal Secretary; Shri. Akash Tripathi (IAS), MD, MPPMCL & other key dignitaries handed over the LOA to Mr. Ashish Khanna, President - Renewables, Tata Power.
Speaking on the achievement, Dr. Praveer Sinha, CEO & MD, Tata Power said, “We are glad to receive this prestigious order for development and operation of 330 MW Solar Project from Rewa Ultra Mega Solar in Madhya Pradesh. We have been progressively growing our portfolio of grid-scale solar plants across the country. ”
The projects will be set up at the Neemuch Solar Park in Neemuch district at Madhya Pradesh and the energy will be supplied to the Indian Railways and the Madhya Pradesh Power Management Company Limited under Power Purchase Agreement (PPA) valid for a period of 25 years. The company has won this capacity in a bid finalised through reverse auction by RUMSL. The project will be commissioned within 19 months from the date of execution of the PPA.
With this, the total renewable capacity of Tata Power will reach 4361 MW with an installed capacity of 2947 MW and 1414 MW under implementation.
Tata Power together with its subsidiaries and jointly controlled entities, has an installed / managed capacity of 13,061 MW. The Company has presence across the entire power value chain - generation of renewable as well as conventional power including hydro and thermal energy, transmission & distribution, coal & freight, logistics and power trading . With 4.2 GW of clean generation capacity from solar, wind, hydro and waste heat recovery accounting for 32% of the overall portfolio the company is committed to clean energy generation. It has successful public-private partnerships in generation, transmission & distribution in India viz: Powerlinks Transmission Ltd. with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi, Maithon Power Ltd. with Damodar Valley Corporation for a 1,050 MW Mega Power Project at Jharkhand. Tata Power is currently serving around 12 million consumers via its Discoms viz Tata Power Delhi Distribution Ltd. with Government of Delhi for distribution in North Delhi; TP Northern Odisha Distribution Limited, TP Central Odisha Distribution Limited, TP Western Odisha Distribution Limited and TP Southern Odisha Distribution Limited with Government of Odisha. With a focus on sustainable and clean energy development, Tata Power is steering the transformation into integrated solutions providers by looking at new business growth in distributed generation through rooftop solar and micro grids, storage solutions, EV charging infrastructure, ESCO, home automation & smart meters et al . For more information visit us at: www.tatapower.com
