Tata Power Renewable Energy Limited (TPREL) commissions 30 MW solar power plant at Palaswade, Maharashtra
Mumbai, 31st October 2017: Tata Power, India’s largest integrated power company, today announced the commissioning of a 30 MW solar power plant in Palaswade, developed by its wholly owned subsidiary, Tata Power Renewable Energy Ltd. (TPREL). The plant will produce over 62 million KWH annually (over 6.2 crore units) of solar power, covering the annual energy needs of over 14000 Indian households. The solar plant, spread over 140 acres, is located at Palaswade village in Maan taluka, in Satara district, Maharashtra.
The newly commissioned solar plant adds to its growing renewable energy portfolio. The plant will be maintained in an ecofriendly manner using rain water harvested trough the construction of check dams, as Maan taluka is a water-scarce drought-prone region in Maharashtra. The additional water collected will be made available for irrigation and other uses that will benefit the local community. The 30 MW solar plant uses domestically manufactured Crystalline Silicon Photo-Voltaic modules.
Speaking on the commissioning, Mr. Rahul Shah, CEO, Tata Power Renewable Energy Limited, said, “We aim to create a focused renewable energy business in TPREL with a sustained growth trajectory. The commissioning of the 25 MW solar plant in Gujarat marks a milestone in our drive, to grow our portfolio of clean and renewable energy generation. We would like to thank the Government of Maharashtra, Maharashtra State Electricity Transmission Company Limited, Maharashtra State Electricity Distribution Company Limited, Maharashtra Energy Development Authority, the local community and authorities and all our stakeholders for the support extended in setting up this solar power project at Palaswade. We are proud of our staff for proactively caring for the community through the construction of check dams to harvest, use, and make rain water available to the community.”
The commissioning of the 30 MW Solar Power plant in Palaswade further underlines Tata Power’s emphasis on the development of clean energy generation from renewable sources to balance the carbon emissions from fossil fuel based generation capacity while contributing towards the energy security of the country.
About Tata Power Renewable Energy Limited( boiler plate)
TPREL is a wholly owned subsidiary of Tata Power, and is Tata Power’s primary investment vehicle for clean and renewable energy based power generation capacity. TPREL’s present operating capacity is 1487 MW comprising of 530 MW wind and 957 MW solar capacity located in the states of Maharashtra, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Punjab, Bihar, Tamilnadu and Rajasthan. The company is also in the process of implementing nearly 373 MW of renewable power projects at various locations on greenfield basis. In order to aggregate its clean and renewable energy portfolio, Tata Power has initiated the process of carving out its 380 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 Renewables Energy Pvt. Ltd., and the project pipeline, TPREL’s portfolio grows to about 2.2 GW making it a leading Renewable Energy Company in India. Visit us at www.tatapowerrenewables.com
About Tata Power:
Tata Power is India’s largest integrated power company with a growing international presence. The Company together with its subsidiaries and jointly controlled entities has an installed gross generation capacity of 10643 MW and a presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading. It has successful public-private partnerships in Generation, Transmission and Distribution in India namely “Tata Power Delhi Distribution Limited” with Delhi Government for distribution in North Delhi, ‘Powerlinks Transmission Ltd.’ with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi and ‘Maithon Power Ltd.’ with Damodar Valley Corporation for a 1050 MW Mega Power Project at Jharkhand. Tata Power is serving more than 2.6 million distribution consumers in India and has developed the country’s first 4000 MW Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology. It is also one of the largest renewable energy players in India with a clean energy portfolio of 3171 MW. Its international presence includes strategic investments in Indonesia through a 30% stake in the leading coal company PT Kaltim Prima Coal (KPC), 26% stake in mines at PT Baramulti Suksessarana Tbk (“BSSR”); in Singapore through Trust Energy Resources to securitize coal supply and the shipping of coal for its thermal power generation operations; in South Africa through a joint venture called ‘Cennergi’ to develop projects in sub-Sahara Africa; in Zambia through 50:50 joint venture with ZESCO for 120 MW Hydro which has become operational in 2016; in Georgia through AGL which is a joint venture with Clean Energy, Norway & IFC for development of 187 MW hydro project and in Bhutan through a hydro project in partnership with The Royal Government of Bhutan. With its track record of technology leadership, project execution excellence, world class safety processes, customer care and driving green initiatives, Tata Power is poised for a multi-fold growth and committed to ‘lighting up lives’ for generations to come”. Visit us at: www.tatapower.com