Tata Power gets MERC approval for 700 MW PPA for five years

Tata Power Wednesday said the state electricity regulator MERC has approved the power purchase agreement signed between its distribution and generation businesses to supply 700 MW power for the next five years. Maharashtra Electricity Regulatory Commission (MERC) has allowed Tata Power's distribution business to enter into a PPA with its generation arm for 700 MW to be supplied from its Trombay thermal and hydro plants for five years from April 1, 2019, to March 31, 2024.

"Tata Power has been serving the city of Mumbai for over a century and continues to be committed to supplying the most reliable and competitive power meeting the needs of their consumers," Tata Power CEO and managing director Praveer Sinha said. He further said this will ensure cheaper power to Mumbai consumers with the added advantage of inexpensive hydro peaking power.

"This will also ensure continuity of reliable power supply to Mumbai consumers from embedded Tata Power thermal and hydro generating stations," Sinha added. In January this the Commission had approved the PPA of Tata Power with BEST for 677 MW.