Tata Power Renewable Energy Signs PPA for 510 MW Hybrid Project with TPDDL
The project will save an average of 1540 MUs of CO2 emissions annually for Tata Power-DDL.
March 10, 2023. By Anurima Mondal
The PPA has the capacity 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.
Speaking on the signing, Ashish Khanna, CEO of Tata Power Renewable Energy Ltd. said, “Tata Power Renewable has signed one of the largest PPAs in the country for a 510 MW hybrid project, via competitive bidding, showcasing our future readiness and expertise in project execution skills. This partnership is significant in our quest to continue our journey as one of the torchbearers of the green and clean energy transition."
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 255 MW received in December 2022.
Ganesh Srinivasan, CEO of Tata Power Delhi Distribution Ltd. added, “Aligned with the nation’s renewable energy mission, we are pleased to join hands with Tata Power Renewable Energy Limited for our biggest hybrid energy tie-up. We are confident that this association will strengthen our commitment towards significantly enhancing the portion of sustainable energy in the overall supply mix."
With this win, the total renewables capacity of TPREL reaches 6,303MW with an installed capacity of 3,909 MW (solar - 2,981 MW and wind - 928 MW) and 2,394 MW under various stages of implementation.
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