Tata Power Renewable Energy Ltd (TPREL) has received a letter of award from Gujarat Urja Vikas Nigam Ltd (GUVNL) to develop a 120-megawatt solar project in Gujarat.
The energy will be supplied to GUVNL under a power purchase agreement valid for a period of 25 years from scheduled commercial operation date. The company won this capacity in a bid announced by GUVNL under phase 8 in February.
The project is required to be commissioned within 18 months from the date of execution of the power purchase agreement.
The plant is expected to generate about 300 million units of energy per