02-Oct-2023Today's Market Indicators

Tata Power Renewable Energy arm receives LoA to set up 966 MW hybrid renewable power
(19:23, 08 Jun 2023)
Tata Power Renewable Energy through its subsidiary TP Vardhaman Surya Limited received Letter of Award 'LOA' to set up 966 MW RTC (Round-the clock) hybrid renewable power for Tata Steel. This is one of the biggest industrial RTC power PPAs under Group Captive segment in the country. The project has the hybrid renewable capacity of 379 MW solar and 587 MW wind power.

Tata Steel, with an annual crude steel capacity of 35 million tonnes per annum (MnTPA), is one of the world's most geographically diversified steel producers. This project will fulfil a significant part of Tata Steel's green energy requirements in India, saving 23,89,160 ton of CO2 emissions annually.

Tata Steel, will invest 26% equity in the said project. The project will be commissioned by 1 June 2025 as per the arrangement.

With this win, the total renewables capacity of TPREL reaches 7,756 MW with an installed capacity of 4,059 MW (Solar - 3,107 MW & Wind - 952 MW) and 3,697 MW under various stages of implementation.

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