TPREL Secures Landmark FDRE Project with SJVN

Tata Power Renewable Energy Ltd (TPREL) has secured a significant milestone by clinching a 200 MW firm and dispatchable renewable energy (FDRE) project from SJVN Ltd. This collaboration marks TPREL's inaugural venture into FDRE, showcasing its commitment to providing round-the-clock power supply. The FDRE initiative not only aids in meeting the renewable purchase obligation (RPO) but also supports the fulfillment of the energy storage obligation (ESO) for discoms.

While the financial specifics of the order remain undisclosed, the Letter of Award (LOA) received by TPREL emphasizes the company's strategic positioning in the renewable energy landscape. SJVN Ltd, a public sector undertaking (PSU) actively involved in hydroelectric and renewable power generation and transmission, has designated as the Renewable Energy Implementing Agency (REIA) by the Ministry of New & Renewable Energy (MNRE). Their collaboration aims to aid the nation's ambitious target of achieving 500 GW by 2030.

This triumph in securing the FDRE power tender, inclusive of a greenshoe option for potential additional capacity beyond the initial 200 MW, signifies a pioneering feat for TPREL. The project, scheduled for completion within 24 months from the power purchase agreement (PPA) execution date, showcases a hybrid configuration integrating solar, wind, and battery storage components of suitable capacities.

The competitive bidding process followed by a reverse e-auction underscores the merit and competitiveness of TPREL's proposal. Upon installation, the project is poised to offset an estimated 9 lakh metric tonnes of CO2 emissions annually, aligning with sustainability goals.

This achievement propels TPREL's total renewables capacity to an impressive 8,314 MW. This includes a robust portfolio comprising 4,100 MW in various developmental phases and an operational capacity of 4,214 MW. The operational capacity encompasses 3,200 MW in solar projects and 1,014 MW in wind projects, solidifying TPREL's position as a key player in the renewable energy sector.

News by Rahul Yelligetti