TPTCL has invited interested procurers for offtake of up to 500 MW renewable energy capacity and their green attributes
It says this will be available for a firm generation tariff over a long term of 25 years
Clean energy sources include solar, wind, hybrid renewable energy and hydro projects
Tata Power Trading Company Limited (TPTCL), a wholly-owned subsidiary and the power trading arm of The Tata Power Company Ltd., is seeking interested offtakers for the supply of renewable energy of up to 500 MW capacity that it plans to provide at a firm generation tariff for up to 25 years.
TPTCL says this firm generation tariff from renewable energy sources over the long term helps deal with the uncertainty associated with coal and gas prices.
This renewable energy capacity will come from solar, wind, hybrid renewable energy, and hydro projects and/or as green attributes. The contracts can be signed either as physical offtake or virtual agreements. TPTCL’s parent Tata Power has 6.7 GW of clean energy generation capacity in its portfolio.
The delivery point will be the interconnection between Project and central transmission utility (CTU)/state transmission utility (STU) network.
Its expression of interest (EOI) is open to utilities, a single company or a group of companies registered in India, with a minimum net worth of INR 10 million ($116 million). It has set a minimum contract value of 10 MW.
Established in December 2023, TPTCL says it is a member of all the power exchanges and power trading platforms in India and has traded more than 20,000 million units (MU) in FY 2023-2024. It enables energy sale and purchase to power generators, distribution companies, and C&I consumers.
TPTCL launched the call on December 30, 2024, and will accept submissions till January 31, 2025.
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