Tata Power Renewable Energy Ltd (TPREL) has secured its first Firm & Dispatchable Renewable Energy (FDRE) project.
In a release, TPREL, a subsidiary of Tata Power, said that it has received a letter of award for developing a 200-mw FDRE project with SJVN Ltd, a Central PSU under the power ministry.
SJVN, it may be mentioned, has been designated as the Renewable Energy Implementing Agency (REIA) by the Union ministry for new & renewable energy (MNRE) for achieving the nation’s target of 500 GW of RE capacity by 2030.
To meet the 200-mw FDRE requirement, the plant has been meticulously sized with a hybrid combination of solar, wind, and battery storage of appropriate capacities. This ensures that the energy generated by the plant is dispatched as and when needed by discoms during peak hours, providing stability to the grid.
FDRE provides round-the-clock power supply and supports the discoms in meeting Renewable Purchase Obligation (RPO) and Energy Storage Obligation (ESO).
This is the first FDRE power tender won by TPREL, showcasing its commitment to ushering in reliable and sustainable energy solutions. The tender includes a greenshoe option, allowing for additional capacity beyond the initial 200 mw.
This strategic collaboration with SJVN marks a significant milestone in TPREL’s journey to expand its portfolio and contribute to the nation’s sustainable energy goals, the release noted.
The project is expected to be commissioned within 24 months from the PPA execution date. The project was awarded through competitive bidding, followed by an e-reverse auction.
With this win, the total renewables capacity of TPREL reaches 8,314 mw, comprises 4,100 mw of projects in different phases of development and 4,214 mw of operational capacity. TPREL’s operational includes 3,200 mw in solar projects and 1,014 mw in wind projects.
Also read: Tata Power Appoints Deepesh Nanda As President-Renewables
Featured photograph is for representation only.
