Tata Power Renewable Energy (TPREL) has won two new solar grid-connected photovoltaic (PV) power projects in Karnataka.
The two 50MW projects will be deployed in Pavagada Solar Park in the Tumkur district of the Indian state.
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They were received through open category under the Jawaharlal Nehru National Solar Mission (JNNSM) Phase-Il batch-Il tranche-l under State Specific Bundling Scheme.
Having received a letter of intent to develop the projects, TPREL will sign a power purchase agreement (PPA) with JNNSM subsidiary NTPC Vidyut Vyapar Nigam (NVVN) for 25 years.
Tata Power’s chief operating officer and managing director Anil Sardana said: "Tata Power is delighted at this win as it further fortifies our vision of generating 30%-40% of the company’s total generation capacity from non-fossil fuel sources by 2025.
"The two solar projects will add 100MW of non-fossil fuel energy to our total generation capacity, significantly increasing our green footprint.
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By GlobalData"This move is in line with the government’s set target of 100GW from solar energy by 2017. In the next five years, the company plans to significantly add to its solar generation capacity."
Image: Tata Power receives two new solar power projects in Karnataka. Photo: courtesy of franky242/Freedigitalphotos.
