Tata Power today announced that Tata Power Renewable Energy Ltd. (TPREL) has won Solar grid connected photovoltaic project of 30MW in Maharashtra. The projects have been awarded in the DCR category under the Jawaharlal Nehru National Solar Mission (JNNSM) Phase-Il Batch-IlI Tranche-l under 'State Specific Bundling Scheme'.
TPREL has received the Letter Of Intent to develop the projects and will sign a 25 year Power Purchase Agreement (PPA) with NTPC Vidyut Vyapar Nigam Ltd.
Commenting on winning the project, Mr. Rahul Shah, CEO & ED-Tata Power Renewable Energy Ltd, said, "This is the third LOI received by TPREL in recent months and brings our solar bid wins to 145MW. Receiving this Letter of Intent for 30MW of non-fossil fuel energy will further add to our total generation capacity, thereby, significantly increasing our green footprint. This move is line with the Government's set target of 100GW from solar energy by 2017. As a company, we will continue to grow our capacity through organic and inorganic means over the next few years to contribute to Tata Power's aggressive target of 20,000MW of total capacity by 2025."