The installation will offset 9 lakh metric tonnes of CO2 emissions annually
Tata Power Renewable Energy Ltd (TPREL) has secured a 200 MW firm and dispatchable renewable energy (FDRE) project from SJVN Ltd.
FDRE ensures continuous power supply, aiding distribution companies (discoms) in meeting renewable purchase obligations (RPO) and energy storage obligations (ESO), Tata Power stated in a regulatory filing.
The company announced that its subsidiary, "Tata Power Renewable Energy Limited (TPREL)," has been granted a Letter of Award (LOA) for the development of the 200 MW FDRE project in collaboration with SJVN Ltd. However, specific financial details of the order were not disclosed.
SJVN, a public sector undertaking (PSU) involved in hydroelectric and renewable power generation and transmission, has been designated as the Renewable Energy Implementing Agency (REIA) by the Ministry of New and Renewable Energy (MNRE) to achieve the nation's target of 500 GW by 2030.
This marks TPREL's first successful bid for an FDRE power tender, which includes a greenshoe option for additional capacity beyond the initial 200 MW. The project incorporates a hybrid combination of solar, wind, and battery storage with appropriate capacities.
The anticipated commissioning of the project is within 24 months from the power purchase agreement (PPA) execution date. The project secured through competitive bidding, followed by a reverse e-auction, is expected to offset 9 lakh metric tonnes of CO2 emissions annually.
With this achievement, TPREL's total renewables capacity reaches 8,314 MW, comprising 4,100 MW in various developmental phases and an operating capacity of 4,214 MW, including 3,200 MW in solar projects and 1,014 MW in wind projects.