TATA bags 150 MW solar project from MSEDCL
Tata Power today said it hasbagged the contract for setting up a 150-MW solar project inthe state from the Maharashtra State Electricity DistributionCompany (MSEDCL).
Tata Power today said it has bagged the contract for setting up a 150-MW solar project in the state from the Maharashtra State Electricity DistributionCompany (MSEDCL).
The company's subsidiary Tata Power Renewable Energy(TPREL) has bagged the contract and will sign a 25-year powerpurchase agreement (PPA) with MSEDCL, a release said.
This project is a part of MSEDCL's 1,000 MW grid connected solar power projects for which the state utility hadinvited bids through competitive bidding process and e-reverseauction for a period of 25 years.
"Renewables is a focus area for us and we are lookingat expanding in this space, especially solar. As we moveforward, with the new technology coming in, we expect to dofurther improvement in PLFs (plant load factors)," Tata Powerchief executive officer and managing director Praveer Sinhasaid in the release.
Tata Power's vision is to have 35-40 per cent of thecompany's total generation capacity from non-fossil fuelsources by 2025.
Currently, the company's renewable energy capacity has crossed 2,000 MW and green generation portfolio (consistingsolar, wind, waste heat recovery and hydro) has crossed the3,400-MW mark.