Tata Power arm bags order to develop 225 MW hybrid renewable project
New Delhi: Tata Power NSE 3.43 % on Thursday said its wholly- owned subsidiary TPGEL has bagged an order to develop a 225 mega watt hybrid renewable power project. “Tata Power Green Energy Ltd (TPGEL), the company’s wholly owned subsidiary, received a letter of award from Tata Power Mumbai Distribution on July 13, 2020 to develop a 225 MW hybrid renewable project,” Tata Power said in a BSE filing.
The energy will be supplied to Tata Power Mumbai Distribution under a power purchase agreement (PPA), valid for a period of 25 years from the scheduled commercial operation date, it added.
TPGEL won this capacity in a bid finalised recently by Tata Power Mumbai Distribution, the filing said.
