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Tata Power subsidiary Tata Power Renewable Energy secured a Letter of Award (LoA) from the Maharashtra State Electricity Distribution Corporation to develop a 150-megawatt (MW) solar project in the state.
In a statement, Tata Power said the LoA for the project located in Solapur was won through tariff-based competitive bidding which was followed by an e-Reverse auction.
The solar project is expected to start operations within 18 months from the execution date of the power purchase agreement.
The subsidiary has a total capacity of 5,786MW, of which 3,877MW were installed and 1,909MW were under various stages of implementation.
Of the installed capacity, 2,949MW were solar and 928MW were wind.
