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TPREL signs PPA for 100 MW solar project at Anantapuram solar park, Andhra Pradesh

India Blooms News Service | | 25 Oct 2016, 04:24 pm
Mumbai/ Kolkata, Oct 25 (IBNS): Tata Power Renewable Energy Ltd (TPREL), India’s largest renewable energy company,on Tuesday announced the signing of the Power Purchase Agreement (PPA) for a 100 MW solar project at Anantapuram solar park in Andhra Pradesh with the Solar Corporation of India (SECI).

TPREL is a wholly owned subsidiary of The Tata Power Company Ltd., India's largest integrated power company.

The Commercial Operations Date (COD) of the project as per the PPA is Oct 16, 2017.

The project has been secured through bidding in the Open category under the Jawaharlal Nehru National Solar Mission (JNNSM).

With the signing of this Power Purchase Agreement (PPA) with SECI, TPREL has further consolidated its position as India’s largest renewable energy company. The 100 MW solar project based at Anantapuram has a challenging COD of less than a year, reiterating Tata Power’s technology leadership, superior engineering capabilities, and executional efficiency in implementing mega solar projects in a record timeline.

Speaking on this development, Rahul Shah, CEO & Executive Director, Tata Power Renewable Energy Ltd, said, “We are delighted at this project win as it further fortifies our leadership in renewable energy generation in India. The solar project at Anantapuram solar park will add 100 MW of clean energy thereby significantly increasing our green footprint. This move is in line with the Government’s set target of 100 GW from solar energy by 2017. In the next 5 years, the Company plans to significantly add to its solar generation capacity.”