Construction Industry News
Tata Power Renewable Energy (TPREL) has inked a power purchase agreement (PPA) with SJVN (SJVN) for a 460 MW firm and dispatchable renewable energy (FDRE) project.
This plant, tailored to fulfill the 460 MW FDRE mandate, integrates solar, wind, and battery storage technologies to ensure efficient energy dispatch during peak hours, thereby enhancing grid stability. FDRE facilitates round-the-clock power supply, aiding distribution companies (discoms) in meeting renewable purchase obligations (RPO) and energy storage obligations (ESO). This triumph marks TPREL’s debut success in the FDRE tender, underscoring its dedication to delivering dependable and sustainable energy solutions.
Commenting on the partnership, Deepesh Nanda, CEO and managing director, Tata Power Renewable Energy said, “This partnership with SJVN 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. By integrating diverse renewable energy sources and leveraging the importance of firm and dispatchable renewable rnergy (FDRE), the collaboration will ensure a dependable power supply and also actively contribute to India’s ambitious renewable energy targets.”
Pawan Varma, executive director (REIA & RTS) at SJVN said, “We are excited to collaborate with Tata Power Renewable Energy in this endeavour to promote renewable energy in India. Through this partnership, we aim to leverage our combined expertise to drive innovation and support the nation’s transition towards clean energy.”
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.
