Tata Power on Thursday said its arm TP Saurya has received a ‘Letter of Award’ from Maharashtra State Electricity Distribution Company (MSEDCL) for setting up a 300 MW hybrid (wind & solar) project.
TP Saurya Ltd (TPSL), a wholly-owned subsidiary of Tata Power, has received this Letter of Award (LoA) in a bid announced by MSEDCL, a company statement said.
This project has been awarded through tariff-based competitive bidding followed by e-Reverse auction, it added.
The project will be commissioned within 18 months from the date of PPA (power-purchase agreement) execution.
