Tata Power said on Thursday that its arm, Tata Power Renewable Energy Ltd, (TPREL) will develop a 100-MW solar power project in Raghanesda Solar Park of Gujarat.
“TPREL has received a letter of award (LoA) from Gujarat Urja Vikas Nigam Ltd (GUVNL) on 28th May 2019 to develop a 100-MW solar project in Raghanesda Solar Park of Gujarat,” a statement by Tata Power said.
The power generated from the project will be supplied to GUVNL under a power purchase agreement (PPA) valid for 25 years from the scheduled commercial operation date, according to the statement.
The company has won this capacity in a bid announced by GUVNL in March 2019. The project has to be commissioned within 15 months from the date of execution of the PPA.
