Tata Power arm Tata Power Renewable Energy Ltd (TPREL) has announced commissioning its 50 mw DCR solar plant at Pavagada Solar Park in Karnataka.
In a statement, the company said the project was bagged by the company on April 4, 2016, under the National Solar Mission Phase-II Batch-II Tranche-I State Specific Bundling Scheme. With this development, The TPREL’s total installed operating capacity now stands at 1664 MW.
The 50 MW solar plants have been built over 253 acres. Sale of power from the solar plant has been tied up under a 25- year Power Purchase Agreement with NTPC Ltd at a tariff of Rs. 4.84 per unit.
According to Rahul Shah, CEO, Tata Power Renewable Energy Ltd, “We prefer development opportunities in solar parks as land and evacuation are provided, and we can focus on the project. We are extremely proud of this development and we continue to seek potential areas across India and in select International markets through organic and inorganic opportunities.”
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