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.
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.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.