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Mumbai July 24, 2013: Tata Power, India’s largest integrated power utility through its wholly owned subsidiary, Tata Power Renewable Energy Limited (TPREL) is developing one of its largest photovoltaic based solar power plants with an installed capacity of 28.8 MW in the Satara district in Maharashtra. The plant will be executed by Tata Power Solar (TPS), a wholly owned subsidiary of Tata Power.
The Plant will be spread over 130 acres of land and is located in the Satara district of Maharashtra. The latest state of the art technology in photovoltaic based solar generation will be utilized for the plant. Tata Power – Distribution, the distribution arm of Tata Power, has signed a Power Purchase Agreement (PPA) for a term of twenty-five years in order to purchase power from this solar plant, thereby meeting its solar renewable purchase obligations (RPO).
The power generated will be evacuated through Maharashtra State Electricity Transmission Limited (MSETCL)’s network. The Company has the major purchase orders for EPC in place and intends to commission the entire project capacity by December 2013.
Speaking on the initiative, Mr. Anil Sardana, Managing Director, Tata Power, said, “Tata Power is committed to generating 20-25 % of its total generation capacity from clean energy sources and is proud to be developing one of the largest solar projects in the country. Tata Power strives to reduce its carbon footprint. We would like to thank the Government of Maharashtra and all our stakeholders for the support extended for setting up this solar power project in Palaswadi.”
Tata Power Solar was specifically chosen to execute this project because of their engineering, procurement & construction expertise shown during the execution of Mithapur project, resulting in high energy performance ratio.
Talking about this project Tata Power Solar CEO, Ajay Goel, said, “At Tata Power Solar, we share the same vision as our parent company- increasing use of solar for power generation & a leading the clean power economy in India and around the world. We are, once again, proud to partner with Tata Power for their largest solar project to-date, and hope to continue working together to support our shared vision “
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