Tata Power’s wholly-owned subsidiary, TP Saurya, has received a Letter of Award from Rewa Ultra Mega Solar to set up a 330-megawatt (MW) solar power project in Neemuch Solar Park, Madhya Pradesh.
The project has been awarded through tariff-based competitive bidding followed by e-reverse auction.
“The projects will be set up at the Neemuch Solar Park in Neemuch district at Madhya Pradesh and the power will be supplied to the Indian Railways and the Madhya Pradesh Power Management Company under a power purchase agreement valid for a period of 25 years,” the company said in its official statement on Thursday.
It added that the project will be commissioned within 19 months from the date of execution of the PPA.
“We are glad to receive this prestigious order... We have been progressively growing our portfolio of grid-scale solar plants across the country,” said Praveer Sinha, CEO and MD, Tata Power
With this, the total renewable capacity of Tata Power will reach 4,361 MW with an installed capacity of 2,947 MW and 1,414 MW under implementation.