Tata Power Renewable Energy Ltd. (TPREL), India’s largest renewable energy company, has announced the synchronisation of its 15 MW solar plant at Belampally in Telangana, thereby starting its commercial operations. The project had been won by the Company, which is Tata Power’s wholly-owned subsidiary, in the Phase 1 bidding process in Telangana, and its commissioning is in keeping with the conditions and timelines in the PPA. With this development, Tata Power’s total installed operating capacity crossed 10,500 MW mark.
The solar plant has been built over 80 acres of land and includes an 18 km transmission line. Sale of power from the solar plant has been tied up under a 25 year Power Purchase Agreement with the Northern Power Distribution Company of Telangana Ltd. at a tariff of Rs. 5.72. Speaking on this achievement, Mr Rahul Shah, CEO, Tata Power Renewable Energy, said “The synchronisation of the 15 MW solar plant at Belampally in Telangana marks a significant milestone in our drive to grow our portfolio of clean and renewable energy generation. We are delighted to have a plant in Telangana, which recently topped the rankings amongst the states for Ease of Doing Business. We are grateful to the State Administration and to the nodal agencies for their support while developing the project.”
TPREL is a wholly owned subsidiary of Tata Power and is its primary investment vehicle for clean and renewable energy based power generation capacity. TPREL’s present operating capacity is 1,899 MW, comprising 847 MW wind and 932 MW solar and 120 MW of waste heat recovery capacity located in the states of Maharashtra, Gujarat, Madhya Pradesh, and Rajasthan. The company is also in the process of implementing nearly 400 MW of renewable power projects at various locations. In order to aggregate its clean and renewable energy portfolio, Tata Power has initiated the process of carving out its 500 MW clean energy assets from its books into TPREL. TPREL is seeking to grow its renewable portfolio in India and in select international markets through organic and inorganic opportunities. With the acquisition of Welspun Renewable Energy Pvt. Ltd., and the project pipeline, TPREL’s portfolio grows to about 2.3 GW making it the largest renewable energy company in India.