Utility giant Tata Power has received the Letter of Award (LOA) from Gujarat Urja Vikas Nigam Ltd (GUVNL) to develop a 100 MW solar project in Dholera Solar Park in the state of Gujarat.
Praveer Sinha-led company has won this capacity of project in a GUVNL tender announced in the month of March this year.
As per the terms of the tender document, the company has to commission the project within 15 months from the date of execution of the PPA, and the electricity generated will be supplied to GUVNL under a long-term power purchase agreement (PPA), which is valid for 25 years from the scheduled commercial operation date.
With this award, the cumulative capacity under development in Gujarat would be 620 MW out of which 400 MW will be in Dholera Solar Park.
On receiving the LoA of the project, the company said that, it is an important milestone in it’s endeavour to generate 35 – 40 per cent of Tata Power’s total generation capacity from clean energy sources and will go a long way to meet the country’s commitment towards green and clean energy.
Moreover, the plant is expected to generate about 246 MUs of energy per year and will annually offset approximately 246 million kilograms of carbon dioxide.
With this project, the company’s renewable capacity will increase to 3,936 MW, out of which 2,637 MW is already operational and 1,299 MW is under implementation including 100 MW won under this LOA.
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