SJVN signs agreement with Tata Power RE for 460 MW Renewable Energy Project

by Psu Connect
Date: 06-05-24

The Plant is readily to generate nearly 3000 million units (MUs) of power and offset around 2,200 Million Kg of CO2 emissions annually.

SJVN signs agreement with Tata Power RE for 460 MW Renewable Energy Project

Tata Power Renewable Energy Limited (TPREL), a leading entity in India's renewable energy landscape and a subsidiary of the Company, has signed a Power Purchase Agreement (PPA) with SJVN Limited (SJVN), an Indian Public Sector Undertaking (PSU), for a 460 MW Firm and Dispatchable Renewable Energy (FDRE) Project.

The plant, designed to meet the 460 MW FDRE requirement, integrates solar, wind, and battery storage technologies to ensure efficient energy dispatch during peak hours, thereby stabilizing the grid. FDRE enables round-the-clock power supply, assisting Distribution Companies (Discoms) in fulfilling Renewable Purchase Obligations (RPO) and Energy Storage Obligations (ESO). This win marked TPREL's inaugural success in the FDRE tender, highlighting its commitment to providing reliable and sustainable energy solutions.

Commenting on the partnership, Mr. 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 Firm and Dispatchable Renewable Energy (FDRE), the collaboration will ensure a dependable power supply and also actively contribute to India's ambitious renewable energy targets.”

The plant is anticipated to generate approximately 3,000 MUs of power while offsetting around 2200 Mn. Kgs of CO2 emissions annually. With addition, the total renewables capacity of TPREL has reached 9,421 MW (PPA capacity is 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. Presently, the Company'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. TPREL is committed to providing energy access to millions of people across the country via its integrated green energy solutions.