The electricity will be supplied to GUVNL by means of a power purchase agreement effective for a period of 25 years from the scheduled commercial activity date. The company won this capacity in a bid announced by GUVNL in phase 8 in February.
The project must be commissioned within 18 months from the date of execution of the power purchase agreement.
The plant is expected to generate around 300 million units of energy per year and will generate almost 300 million kg of carbon dioxide per year.
“We hope to continue to build on our capabilities, deliver over expectations and create high benchmarks all around,” said Ashish Khanna, President for Renewables Division at Tata Power.
The renewable capacity of Tata Power will be increased to 3,457 MW, of which 2,637 MW are in operation and 820 MW are in operation, including 120 MW won under this letter of intent.
