On Thursday, Tata Power said its arm TP Saurya has received a ‘Letter of Award’ from Maharashtra State Electricity Distribution Company (MSEDCL) for setting up a 300 MW hybrid (wind & solar) project.
- Govt to impose 10% import duty on desi chana from 1st April
- Xi Jinping Meets Global CEOs Amid Slowing Investment
- ChatGPT’s Viral Ghibli-Style Images Spark AI Copyright Debate
- BEML Shares Extend Gains on Rs 405 Crore Contract
- Force Motors Shares Soar 7% on Securing Order for Force Gurkha Light
TP Saurya Ltd (TPSL), a wholly-owned subsidiary of Tata Power, has received this Letter of Award (LoA) in a bid announced by MSEDCL, a company statement said. This project has been awarded through tariff-based competitive bidding followed by an e-Reverse auction, it added.
“It is a proud moment for Tata Power to win this large-scale Hybrid (Wind & Solar) power generation project. This will further promote the share of renewable power in the overall energy mix, thus strengthening our position as the market leader in the renewable space,” Praveer Sinha, CEO & MD, Tata Power, said in the statement. Sinha said this project would also encourage other states to switch to green power to usher in an era of clean energy in the country.
