25-year PPA signed with Kerala’s electricity board
By Amit Chettupuzha
MUMBAI-THIRUVANANTHAPURAM/January 07-2021: Tata Power, India’s largest integrated power company has bagged Rs488-crore contract from Kerala State Electricity Board Limited (KSEBL) to develop a 110 MW solar project.
The energy will be supplied to KSEBL under a Power Purchase Agreement (PPA), valid for a period of 25 years from the scheduled commercial operation date.
Tata Power has won this contract in a bid announced by KSEBL in September 2020. The project has to be commissioned within 18 months from the date of execution of the PPA.
“The Plant is expected to generate about 274 MUs of energy per year and will annually offset approximately 274 million Kg of CO2,” according to a Tata Power statement.
With this, Tata Power’s renewable capacity will increase to 4,032 MW, out of which 2,667 MW is operational and 1365 MW is under implementation including the 110 MW won under this LOA.
Praveer Sinha, CEO & MD, Tata Power, said, “We are proud to announce that we have been awarded 110 MW Solar Project by KSEBL, and are thankful to the Government of Kerala and the officials at KSEBL for this opportunity.”
Tata Power installed capacity
Tata Power is India’s largest integrated power company and, together with its subsidiaries and jointly controlled entities, has an installed/ managed capacity of 12,772 MW.
A pioneer in the field, the company has presence across the entire power value chain – generation of renewable as well as conventional power including hydro and thermal energy, transmission & distribution, trading and coal & freight logistics. With nearly 2.6GW of renewable energy assets in solar and wind accounting for 30 per cent of the company’s portfolio, Tata Power is a leader in clean energy generation.