Tata Power Renewable Energy bags 200 MW FDRE Project

29 Nov 2023 , 11:17 AM

SJVN Ltd awarded Tata Power Renewable Energy Ltd (TPREL) a 200 MW firm and dispatchable renewable energy (FDRE) project on Tuesday.

Tata Power stated in a regulatory filing that FDRE delivers round-the-clock power supply and assists discoms in achieving renewable purchasing obligations (RPO) and energy storage obligations (ESO).

‘Tata Power Renewable Energy Limited (TPREL) has received a Letter of Award (LOA) from SJVN Ltd (SJVN) for the development of the 200 MW FDRE project,’ the business stated.

SJVN is a public sector undertaking (PSU) involved in hydroelectric and renewable power generation and transmission, and has been designated by the Ministry of New & Renewable Energy (MNRE) as the Renewable Energy Implementing Agency (REIA) for achieving the nation’s target of 500 GW by 2030.

The company expects to commission the project within a period of 24 months from the execution date of the power purchase agreement (PPA). The company was awarded the project via a competitive bidding process, followed by reverse e-auction.

This is the first FDRA power project received by TPREL. The tender also consists of a green shoe option, allowing for additional capacity beyond the initial capacity of 200 MW. 

The installation of this project is likely to offset 9 lakh metric tonnes of CO2 on an annual basis.

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