Tata Power to build 100 MW solar project in Gujarat

Image
IANS Bengaluru
Last Updated : May 31 2019 | 3:25 PM IST

A Tata Power subsidiary will build a 100 megawatt (MW) solar project at Raghanesda in Gujarat's Banaskantha district, the leading integrated power major said on Friday.

"Our subsidiary Tata Power Renewable Energy Ltd has received the order to build the 100MW solar plant from the state-run Gujarat Urja Vikas Nigam Ltd (GUVNL) at Raghanesda solar part," the city-based company said in a statement here.

The company, however, did not mention the project cost in its statement.

As part of the power purchase agreement (PPA), the Tata arm will supply the power distributor GUVNL energy from the solar plant for 25 years from the commercial operation date.

"The order will enable us to contribute towards clean and green energy through solar power generation," Tata Power Chief Executive Praveer Sinha said in the statement.

The order will also enable the company to demonstrate its commitment to renewable energy, project development, engineering and execution.

"The project will generate 35-40 per cent of our production capacity from clean energy sources. We hope to build on our capabilities and set benchmarks in the sector," said Tata Power President (renewables) Ashish Khanna.

"The project will also enhance our generation capacity to 500 MW, which is in addition to the 2,268 MW existing capacity."

"The solar plant will generate 250 million units of energy annually and offset about 250 million kg of carbon dioxide (CO2)," said the statement.

The company has 931 MW operating wind and 1,337 MW solar capacity in 10 states across the country, including Andhra Pradesh, Bihar, Gujarat, Karnataka, Maharashtra, Punjab, Rajasthan, Tamil Nadu and Telangana.

"The company is also implementing 400MW of renewable power projects at various locations on greenfield basis," added the statement.

--IANS

fb/bc

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 31 2019 | 3:14 PM IST

Next Story