TATA POWER SECURES 110 MEGAWATT PROJECT IN KERALA

Highlights
• Tata Power in a statement said “The company has won this capacity in a bid announced by KSEBL in September 2020”
• Tata Power also said that this project has to be commissioned within 18 months from the date of execution of the PPA

Tata Power on Wednesday got an order from the Kerala State Electricity Board Limited (KSEBL) in order to construct a 110-megawatt (MW) solar power project in the state. The company part of diverse conglomerate received a Letter of Award (LOA) from the KSEBL. The company did not disclose any financial details with respect to the project. Tata Power in a statement said “The company has won this capacity in a bid announced by KSEBL in September 2020”. The company further said the energy produced at this plant in Kerala will be supplied to KSEBL under a Power Purchase Agreement (PPA), which will be valid for a period of 25 years from scheduled commercial operation date.
Tata Power also said that this project has to be commissioned within 18 months from the date of execution of the PPA as the plant is expected to generate about 274 million units (MUs) of energy per year.

“We are proud to announce that we have been awarded 110 MW Solar Project by KSEBL, and are thankful to the Government of Kerala and the officials at KSEBL for this opportunity. We are delighted to contribute towards the realisation of our country’s commitment towards clean and green energy through solar power generation” said Tata Power CEO and MD Praveer Sinha in a statement.
Tata Power has been leading the energy sector along with its contemporaries like Adani Green Energy.

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