National: TP Saurya Limited (TPSL), a wholly-owned subsidiary of Tata Power, has received a “letter of award” (LoA) from Rewa Ultra Mega Solar Limited (RUMSL) to build 330MW (unit-1:160MW + unit-2:170 MW) of solar project in Neemuch Solar Park of Madhya Pradesh. This project has been awarded through tariff-based competitive bidding followed by e-reverse auction.
Madhya Pradesh Chief Minister Shivraj Singh Chouhan, in the presence of Hardeep Singh Dang, minister of department of new and renewable energy; Sanjay Dubey (IAS), principal secretary; Akash Tripathi (IAS), MD, MPPMCL and other key dignitaries handed over the LOA to Ashish Khanna, president , Renewables, Tata Power.
Speaking on the occassion, Dr Praveer Sinha, CEO & MD, Tata Power, said, “We are glad to receive this prestigious order for development and operation of 330MW solar project from Rewa Ultra Mega Solar in Madhya Pradesh. We have been progressively growing our portfolio of grid-scale solar plants across the country. ”
The projects will be set up at the Neemuch Solar Park in Neemuch district at Madhya Pradesh and the energy will be supplied to the Indian Railways and the Madhya Pradesh Power Management Company Limited under power purchase agreement (PPA) valid for 25 years. The company has won this capacity in a bid finalised through reverse auction by RUMSL. The project will be commissioned within 19 months from the date of execution of the PPA.
With this, the total renewable capacity of Tata Power will reach 4,361MW with an installed capacity of 2947 MW and 1414 MW under implementation.
