Tata Power informed on Monday that stock exchanges that its subdivision TP Saurya Limited (TPSL) had obtained the ‘Letter of Intent’ (LoI) from Maharashtra State Power Generation Co. Ltd. (MAHAGENCO) for installing the 250 MW Grid-Connected Solar Photovoltaic Power plant in Maharashtra.
The plan has been granted to TPSL through Tariff-based competitive bidding followed by an e-Reverse auction. The company obtained this LoI in a bid declared by MAHAGENCO for installing a 250 MW Solar plant at the Dondaicha Solar Park in Dhule District of Maharashtra.
The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has conveyed approval to buy the power produced from this solar plant. The solar plant project will be commissioned within 15 months from the date of PPA performance.
Speaking on the achievement, Dr. Praveer Sinha, CEO & MD, Tata Power, said, “We are proud to win this large scale Grid-Connected Solar Photovoltaic EPC Power project. The project will further promote the share of renewable power in the overall energy mix in Maharashtra. We are one of the leaders in solar power and committed to ushering in an era of clean energy in the country.”
With this, the total renewable range of Tata Power will touch 4611 MW with an installed range of 2947 MW and 1664 MW under process.