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India based power utility company Tata Power on Thursday said, “It’s subsidiary Tata Power Green Energy Limited (TPGEL), has received an LOA from Tata Power Mumbai Distribution to develop 225 MW hybrid renewable project.”
In a regulatory filing, Tata Power Limited said, “Tata Power Green Energy Limited (TPGEL), the Company’s wholly-owned subsidiary has received a Letter of Award from Tata Power Mumbai Distribution on 13 July 2020, to develop a 225 MW hybrid renewable project.
“The energy will be supplied to Tata Power Municipal Distribution under Power Purchase Agreement (PPA), which is valid for 25 years from scheduled commercial operation date. The company has won this capacity in a bid finalized recently by Tata Power Mumbai Distribution,” the filing added.
Adding to the filing, Tata Power said, “The project is required to be commissioned within 18 months from the date of execution of the PPA, and is expected to generate about 700 MUs of energy per year, offering approximately 700 million kg of CO2 per year.”