Mumbai: Tata Power Renewable Energy Ltd (TPREL) on Saturday announced the signing of power purchase agreement with SJVN Ltd, a central government public sector undertaking (PSU), to set up a 460 MW firm and dispatchable renewable energy (FDRE) project.
An FDRE plant, designed to integrate solar, wind, and battery storage technologies to ensure efficient energy dispatch during peak hours, thereby stabilising the grid, will enables round-the-clock power supply, assisting power distribution companies (discoms) in fulfilling their renewable purchase obligations (RPOs) and energy storage obligations (ESOs).
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According to a statement issued by TPREL, the plant will generate 460 MW using multiple technologies. It is is expected to generate nearly 3,000 million units (MUs) of power and offset 2,200 million kgs of CO2 emissions annually.
Deepesh Nanda, chief executive officer (CEO) and managing director, TPREL said on signing of the agreement: “This partnership with SJVN Ltd will witness the deployment of sustainable energy solutions from TPREL. It will go a long way in meeting the green energy objectives of SJVN Ltd.”
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Total renewable capacity of TPREL has reached 9,421 MW (PPA capacity is 7,978 MW) including 4,906 MW projects under various stages of implementation with addition of the new plant. The company’s operational capacity stood at 4,515 MW, which includes 3,485 MW solar and 1,030 MW wind power.
“By integrating diverse renewable energy sources and leveraging the importance of FDRE, the collaboration will ensure a dependable power supply and also actively contribute to India’s ambitious renewable energy targets,” added Nanda.
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Pawan Varma, executive director (REIA & RTS) at SJVN Ltd. said, “Through this partnership, we aim to leverage our combined expertise to drive innovation and support the nation’s transition towards clean energy.”
