“…we wish to inform you that Tata Power Renewable Energy Limited(‘TPREL’), a subsidiary of the company, signs Power Purchase Agreement(‘PPA’) with NTPC Limited to set up 200 MW Firm and Dispatchable Renewable Energy Project,” Tata Power Company said in a regulatory filing.
The project is valued at approximately ₹4,500 crore and is expected to be executed within 24 months. The project will include provisions for assured power supply, tailored to NTPC’s scheduling requirements, making it a flexible and reliable source of renewable energy.
Also Read: Tata Power Renewable and ONGC sign MoU to explore battery energy storage collaboration
Last week, Tata Power said it has received approval from the Maharashtra Electricity Regulatory Commission (MERC) to install a 100-MW battery energy storage system (BESS) project. The project will be installed across 10 strategically located sites in Mumbai over the next two years, Tata Power said in an exchange filing.
Equipped with advanced black start functionality, the BESS will enable a swift recovery of power supply to critical infrastructure, including the metro, hospitals, airports, and data centres, in case of grid disturbances.
Additionally, the system will optimise reactive power management, improving peak demand efficiency and strengthening the city’s power infrastructure. The entire 100 MW system will be installed across 10 strategically located sites, especially near load centres across Mumbai distribution, centrally monitored and controlled from Tata Power’s Power System Control Center (PSCC).
Also Read: Tata Power Q3 Results: Profit up 10%, margin expands; Looks for opportunity in small nuclear reactors
On April 11 (Friday), shares of Tata Power Company Ltd ended at ₹364.50, up by ₹6.25, or 1.74%, on the BSE.
