Tata Power Renewable Energy has received a letter of award from Gujarat Urja Vikas Nigam (GUVNL) to develop a 120 MW solar project in Gujarat.
The energy will be supplied to GUVNL under a Power Purchase Agreement (PPA), effective for a period of 25 years from the scheduled commercial operation date. The project has to be commissioned within 18 months from the date the PPA is executed.
“We are proud to announce that we have been awarded 120 MW Solar Project in Gujarat, and are thankful to the Government of Gujarat and the officials at GUVNL for this opportunity. With this award the cumulative capacity of renewables will be 3,457 MW.“Praveer Sinha, CEO & MD, Tata Power.
“We are pleased to announce our win and with we continue to demonstrate our strong commitment towards renewable energy as well as project development, engineering and execution capabilities. We hope to continue to build on our capabilities, deliver over expectations and create high benchmarks all around.“Ashish Khanna, president-renewables, Tata Power.
The project is expected to produce about 300 MUs of energy per year and will offset about 300 million kilograms of CO2 annually.