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Tata power signs PPA with SJVN for 460 MW firm & dispatchable RE project
Image for representation purposes only. Source: Tata Power
Indian RE company Tata Power Renewable Energy Limited (TPREL) has recently signed a Power Purchase Agreement (PPA) with SJVN Limited (SJVN), an Indian public sector hydro power generation company, for a 460 MW Firm and Dispatchable Renewable Energy (FDRE) project.
As to the company's official statement, the plant is designed to meet the 460 MW FDRE requirement, by integrating solar, wind, and battery energy storage technologies to ensure efficient energy dispatch during peak hours, thereby stabilizing the grid.
FDRE enables round-the-clock power supply, assisting discoms)in fulfilling Renewable Purchase Obligations (RPO) and Energy Storage Obligations (ESO). The development marks TPREL's inaugural success in the FDRE tender, reiterating its commitment to providing reliable and sustainable energy solutions.
Deepesh Nanda, CEO and Managing Director, Tata Power Renewable Energy Limited, said, "This partnership with SJVN Limited will witness the deployment of best-in-class sustainable energy solutions from TPREL. It will go a long way in meeting the green energy objectives of SJVN Limited". "By integrating diverse renewable energy sources and leveraging the importance of FDRE, the collaboration will ensure a dependable power supply and also actively contribute to India's ambitious renewable energy targets", he added.
The proposed plant is anticipated to generate approximately 3,000 MUs of power, while offsetting about 2,200 million kgs of CO2 emissions annually.
"We are excited to collaborate with Tata Power Renewable Energy Limited in this endeavour to promote renewable energy in India. Through this partnership, we aim to leverage our combined expertise to drive innovation and support the nation's transition towards clean energy", commented Pawan Varma, Executive Director (REIA & RTS) at SJVN Limited.
With this, the total renewables capacity of TPREL, a subsidiary of The Tata Power Company Limited, is said to have reached 9,421 MW, with a PPA capacity of 7,978 MW, including 4,906 MW projects under various stages of implementation.
The company's operational capacity stands at 4,515 MW, which includes 3,485 MW solar and 1,030 MW wind, according to its own estimates. Presently, the firm's solar EPC portfolio is more than 12.8 GWp of ground-mount
utility-scale, over 2 GW of rooftop and distributed ground-mounted systems and over 1,00,000 solar water pumps.
Tata Power eyes 2,800 MW of pumped hydro storage capacity
Tata Power Company is looking to set up 2,800 MW of pumped hydro storage capacity at an investment of around ₹15,000 crore, CEO Praveer Sinha told reporters.
