Tata Power Renewable Energy (TPREL) has bagged the contract for setting up a 150-MW solar project in the state from the Maharashtra State Electricity Distribution Company (MSEDCL). A 25-year power purchase agreement (PPA) will be signed for the same with MSEDCL.
This project is a part of MSEDCL’s 1,000 MW grid connected solar power projects for which the state utility had invited bids through competitive bidding process and e-reverse auction for a period of 25 years.
Tata Power’s vision is to have 35-40 per cent of the company’s total generation capacity from non-fossil fuel sources by 2025. Currently, the company’s renewable energy capacity has crossed 2,000 MW and green generation portfolio (consisting solar, wind, waste heat recovery and hydro) has crossed the 3,400-MW mark.