Tata Power Renewable Energy Ltd reaches 10.9 GW capacity after signing PPA with NTPC Ltd for 200 MW Firm and Dispatchable Renewable Energy Project

Tata Power Renewable Energy Limited (TPREL), one of the India's leading renewable energy players and a subsidiary of The Tata Power Company Limited, has signed a Power Purchase Agreement (PPA) with NTPC Limited (NTPC), India's largest integrated power company to develop a 200 MW Firm and Dispatchable Renewable Energy (FDRE) Project.

The project, spread across multiple locations in India is set to be completed within 24 months and is expected to generate approximately 1,300 million units (MUs) of electricity annually, mitigating over 1 million tons of carbon dioxide emissions per year. The project was won by TPREL based on competitive bidding and would consist of Solar, Wind and BESS technologies. A key feature of this initiative is the commitment to a 4 hour peak power supply, ensuring at least 90% availability during peak demand hours to support the growing energy needs of Distribution Companies.

This collaboration reinforces TPREL's position as a leader in India's renewable energy sector with hybrid and complex renewable projects, consisting of Solar, Wind and battery storage. With a steadfast commitment to sustainability and innovation, the Company continues to drive forward India's mission of a greener and more resilient clean energy future.

With this project, TPREL's total renewable utility capacity has reached 10.9 GW. Currently, 5.5 GW of this capacity is operational, comprising 4.5 GW of solar and 1 GW of wind energy. Additionally, 5.4 GW is under various stages of implementation, evenly split between 2.7 GW of solar and 2.7 GW of wind projects. These ongoing projects are expected to be completed in phases over the next 6 to 24 months in a staggered manner.

Shares of Tata Power Company Limited was last trading in BSE at Rs. 364.50 as compared to the previous close of Rs. 358.25. The total number of shares traded during the day was 483439 in over 11283 trades.

The stock hit an intraday high of Rs. 368.95 and intraday low of 362.25. The net turnover during the day was Rs. 176596053.00.

Source : Equity Bulls

Keywords

TataPowerCompany INE245A01021 TataPowerRenewableEnergy PPA NTPC 200MW FDREProject