Tata Power Renewable Energy Limited Inks PPA with SJVN Limited for 460 MW Firm and Dispatchable Renewable Energy Project

Tata Power Renewable Energy Limited (TPREL) has inked a Power Purchase Agreement (PPA) with SJVN Limited (SJVN), an Indian Public Sector Undertaking (PSU), for a 460 MW Firm and Dispatchable Renewable Energy (FDRE) Project.

The facility, tailored to fulfill the 460 MW FDRE mandate, incorporates solar, wind, and battery storage technologies to optimize energy dispatch during peak periods, enhancing grid stability. FDRE enables uninterrupted power supply around the clock, aiding Distribution Companies (Discoms) in meeting Renewable Purchase Obligations (RPO) and Energy Storage Obligations (ESO). This achievement represents TPREL’s first triumph in the FDRE tender, underscoring its dedication to delivering dependable and environmentally friendly energy solutions. The facility is expected to produce approximately 3,000 million units (MUs) of power while mitigating approximately 2,200 million kilograms of CO2 emissions annually.

Mr. Deepesh Nanda, CEO and Managing Director, Tata Power Renewable Energy Limited, said, “This partnership with SJVN Limited will witness the deployment of best-in-class sustainable energy solutions from TPREL. It will go a long way in meeting the green energy objectives of SJVN Limited. By integrating diverse renewable energy sources and leveraging the importance of Firm and Dispatchable Renewable Energy (FDRE), the collaboration will ensure a dependable power supply and also actively contribute to India’s ambitious renewable energy targets.”

Pawan Varma, Executive Director (REIA & RTS) at SJVN Limited, added, “We are excited to collaborate with Tata Power Renewable Energy Limited in this endeavour to promote renewable energy in India. Through this partnership, we aim to leverage our combined expertise to drive innovation and support the nation’s transition towards clean energy.”