Tata Power Renewable Energy on Thursday announced that it has won two solar-grid connected photovoltaic projects of 50 Mw capacity each in Karnataka.
"Company's 100 per cent subsidiary, Tata Power Renewable Energy Ltd (TPREL) has won two Solar grid connected photovoltaic projects of 50 Mw capacity each in Pavagada Solar Park in the Tumkur district of Karnataka," the company said in a statement.
The projects have been awarded through open category under Jawaharlal Nehru National Solar Mission (JNNSM) Phase-II Batch-II Tranche-l under 'State Specific Bundling Scheme', the statement added.
Investment won't come just because someone's talking about it: Anil Sardana
Tata Power earmarks four key regions for international play
Domestic firms take lead in solar park tender in Karnataka
NTPC exploring solar power projects in UP
SunEdison may sell solar projects, lay off 5% staff
What Sebi chief said on Participatory notes ahead of board meet today
Moody's lowers outlook on Adani Ports to negative
BHEL commissions 250 mw thermal unit in Maharashtra
Telangana govt suggests Tim Cook to build Apple's own campus in Hyderabad
Glenmark gets final FDA nod to sell Rufinamide
TPREL has received the Letter Of Intent (LoI) to develop the projects and will sign a 25 year Power Purchase Agreement (PPA) with NTPC Vidyut Vyapar Nigam Ltd.
Tata Power CEO and Managing Director Anil Sardana said: "The two solar projects will add 100 Mw of non-fossil fuel energy to our total generation capacity, thereby, significantly increasing our green footprint."
The JNNSM, launched in January 2010, is a major initiative of the government that aims to establish India as a global leader in solar energy by creating favourable policy conditions for its diffusion across the country.
Tata Power Co.