Tata Power Renewable Energy Ltd. (TPREL) has won a contract to develop 255 MW of grid-connected solar-wind hybrid power capacity from Tata Power Delhi Distribution Ltd. (TPDDL) on a Build-Own-Operate (BOO) basis.
Tata Power Renewable Energy Ltd. has secured this contract through Tariff Based Competitive Bidding, with a quoted tariff of Rs. 3 per unit as per Mercom India. TPDDL will shortly be signing a 25-year Power Purchase Agreement (PPA) with TPREL.
Tata Power Delhi Distribution Ltd.’s tender had been floated in September 2022 with a greenshoe option for procuring additional 255 MW of hybrid power. The solar-wind power mix in this additionally procured power will be in the same ratio.