TP Saurya Limited (TPSL), a wholly owned subsidiary of Tata Power, received the Letter of Award (LoA) from Solar Energy Corporation of India (SECI) for setting up a 600 MW hybrid (wind and solar) power project in Karnataka.
The letter was awarded through tariff-based competitive bidding followed by an e-Reverse auction. The project will be commissioned within 24 months from the execution date of the PPA (power purchase agreement).
“We are enthused with the win of 600 MW hybrid project for SECI as it reaffirms Tata Power’s commitment to building a sustainable ecosystem for transitioning towards a greener future. Renewable hybrid projects are a game changer in India as they can generate round-the-clock power with high-reliability levels to help meet the country’s decarbonisation goals,” Dr Praveer Sinha, CEO and MD of Tata Power.
With this win, the total renewables capacity of Tata Power reaches 5,524 MW, with an installed capacity of 3,634 MW and 1,890 MW under various stages of implementation.
Tata Power is one of India’s largest integrated power companies and, together with its subsidiaries and jointly controlled entities, has an installed/managed capacity of 13,749 MW.
The company has a presence across the entire power value chain – generation via renewables and conventional power, including hydro and thermal energy; transmission and distribution; coal and freight; logistics and trading.