Mumbai: Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company, has signed a Power Purchase Agreement (PPA) with NTPC Limited for a 200 MW renewable energy project.
The deal between Tata Power Renewable Energy Limited and NTPC adds to TPREL’s growing energy portfolio, pushing its total renewable utility capacity to 10.9 GW.
Hybrid project to include solar, wind and storage
The planned project will integrate solar, wind and battery energy storage systems (BESS) to ensure a firm and dispatchable renewable energy supply. It is scheduled to be completed within 24 months and will supply 1,300 million units (MUs) of electricity annually.
According to company estimates, this output could offset over one million tonnes of carbon dioxide emissions per year.
A distinguishing aspect of this project is its commitment to provide four hours of peak power supply with a 90 per cent availability rate, aimed at meeting the rising electricity demand from distribution companies during peak hours.
The project was awarded to TPREL through a competitive bidding process.
NTPC collaboration part of broader sector trend
The collaboration with NTPC aligns with a broader sector trend where public and private energy firms are partnering to meet India’s clean energy targets. NTPC, India’s largest integrated power utility, has been actively expanding its renewable footprint as part of the country’s energy transition strategy.
Following this agreement, TPREL’s renewable capacity stands at 10.9 GW. Of this, 5.5 GW is operational, comprising 4.5 GW solar and 1 GW wind and another 5.4 GW is under development.
The under-construction capacity is evenly divided between solar and wind, with 2.7 GW each. These projects are slated for completion in phases over the next 6 to 24 months.
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