By Malvika Gurung
Investing.com -- India’s largest power generator Tata Power (NS: TTPW ) said on Friday that its subsidiary TP Saurya entered into a Power Purchase Agreement (PPA) with Tata Power Trading Company for the set-up of a solar project in Bikaner, Rajasthan.
TP Saurya Limited (TPSL) is a subsidiary of Tata Power Renewable Energy Limited (TPREL), which is among India’s most significant renewable energy companies. TPREL is also a subsidiary of Tata Power.
According to the PPA signed between TP Saurya and Tata Power Trading Company, a solar project with capacity of 200 MW or 280 megawatt-power (MWp) will be set up in Bikaner, and this plant/unit shall be commissioned by March next year.
The two Tata bodies (TPTCL and TPSL) have entered into a power purchase agreement for a total time period of 25 years.
The said project will be connected to the Central Transmission Utility (CTU) Bus, said Tata Power in a press release, adding that the project will supply 485 million units of energy each year.
This project has risen the total renewables capacity of Tata Power Renewable Energy to 6,788 MW. The stated energy consists of an installed capacity of 3,917 MW, made up of 2,989 MW solar energy and 928 MW wind energy, in extension to 2,871 MW under various stages of implementation.
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