Tata Power gets LOA from KSEBL for 110MW solar power project in Kerala
Indian power company Tata Power has been issued a letter of award (LOA) from the Kerala State Electricity Board Limited (KSEBL) for developing a 110MW solar power project.
According to Tata Power, the electricity generated by the new solar plant in Kerala will be provided to KSEBL under a Power Purchase Agreement (PPA). The agreement will be valid for 25 years from the scheduled commercial operation date of the solar power plant.
Tata Power bagged the capacity in a bid held by KSEBL in September 2020. The solar power project in Kerala has to be brought into service within 18 months from the date of signing the PPA.
The solar power plant in Kerala is estimated to produce nearly 274 MUs of energy per annum while offsetting close to 274 million Kg of CO2 per year.
It takes the renewable capacity of Tata Power to 4.03GW, of which 2.6GW is operational, while 1.36GW is under implementation.
Praveer Sinha – CEO and MD of Tata Power said: “We are proud to announce that we have been awarded 110 MW Solar Project by KSEBL, and are thankful to the Government of Kerala and the officials at KSEBL for this opportunity. We are delighted to contribute towards the realization of our country’s commitment towards clean and green energy through solar power generation”.