Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, signed a Power Purchase Agreement (PPA) with Tata Power Delhi Distribution Limited (Tata Power-DDL), for a 510 MW hybrid project.
The project will save on an average of 1540 MUs of CO2 emissions annually for Tata Power-DDL, a joint venture between Tata Power and Govt. of Delhi, that supplies electricity to a populace of over 7 million in North Delhi.
The PPA has the capacity for bifurcation of 170 MW solar and 340 MW wind power. Located in Karnataka, it is one of the largest hybrid projects in the country and will be commissioned within 24 months from the PPA execution date.
Tata Power Renewable has signed one of the largest PPAs in the country for a 510 MW hybrid project, via competitive bidding, showcasing the company’s future readiness and expertise in project execution skills. This partnership is significant in the quest to continue the journey as one of the torchbearers of the green and clean energy transition, informs Ashish Khanna, CEO, Tata Power Renewable Energy Limited.
TPREL won this project through a competitive bidding process, followed by the release of LOA by Tata Power-DDL. This win is an extension of the earlier LOA of 255MW received in Dec. 2022
Aligned with the nation’s renewable energy mission, Tata Power Delhi Distribution Limited is pleased to join hands with Tata Power Renewable Energy Limited for their biggest hybrid energy tie-up. They are confident that this association will strengthen the commitment towards significantly enhancing the portion of sustainable energy in the overall supply mix, shares Ganesh Srinivasan, CEO, Tata Power Delhi Distribution Limited.
With this win, the total renewables capacity of TPREL reaches 6,303MW with an installed capacity of 3,909 MW (Solar – 2,981 MW & Wind – 928 MW) and 2,394MW under various stages of implementation.