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Tata Power receives LoA from Karnataka Renewable Energy Development

Capital Market 

For development of 250 MW of solar projects in District

Tata Power announced that (TPREL), the Company's wholly owned subsidiary, has received a Letter of Award from Renewable Development (KREDL) to develop 250 MW (50 MW x 5 Nos) of solar projects located in state's district at

The projects will be set up at the in district at and the will be supplied to the State Discoms under a Power Purchase Agreements (PPA), valid for a period of 25 years. The Company has won this capacity in a bid at a tariff of INR 2.85/kWH announced by KREDL during April 2018. The projects will be commissioned within 12 months from the date of signing of the PPA.

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First Published: Wed, July 11 2018. 11:44 IST