With 250 MW coming online, TPREL will have an operational solar power capacity of 400 MW in Pavagada Solar Park. Recently the company commissioned a 100 MW solar power project in Andhra Pradesh (in the picture). (Photo Credit: The Tata Power Company Limited)
Tata Power's TPREL has received letter of award from KREDL for winning 250 MW PV project capacity in Pavagada Solar Park
This is the largest capacity the Indian company has ever won in a bid so far
It will establish this capacity through 5 solar power projects of 50 MW each within 12 months from the date of signing PPA
It will sell power from these projects for the winning tariff of 2.85 INR ($0.042) per kWh for a period of 25 years
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Tata Power’s subsidiary Tata Power Renewable Energy Limited (TPREL) will start developing five solar power projects of 50 MW each in Karnataka. All projects will be part of the Pavagada Solar Park in Tumkur district of the Indian southern state. It has received a letter of award (LOA) from Karnataka Renewable Energy Development Ltd. (KREDL).
TPREL won this 250 MW capacity during a recent auction concluded by KREDL. Another company that won a similar capacity was Finland’s Fortum Corporation. Both the companies will sell the power for a tariff of 2.85 INR ($0.042) per kWh for a period of 25 years (see ).
TPREL says this is the largest capacity it has ever won in a bid so far. Once the project is online, within 12 months from the date of signing the PPA, it will have an operational capacity of 400 MW in Pavagada Solar Park. Its current operational capacity in the park is 150 MW.