A 200 MW firm and dispatchable renewable energy (FDRE) project from SJVN Ltd. has been awarded to Tata Power Renewable Energy Ltd. (TPREL). As to Tata Power’s regulatory filing, FDRE offers continuous power supply and aids distribution companies in fulfilling their renewable purchase requirement (RPO) and energy storage obligation (ESO).
“Tata Power Renewable Energy Limited (TPREL), has received a Letter of Award (LOA) for developing the 200 MW FDRE project with SJVN Ltd (SJVN),” the company said, referring to its subsidiary.
The Ministry of New & Renewable Energy (MNRE) has named SJVN, a public sector undertaking (PSU) engaged in the generation and transmission of hydroelectric and renewable power, the Renewable Energy Implementing Agency (REIA) in order to help the country reach its 2030 target of 500 GW.
TPREL has won its first FDRE power tender. In addition, the tender included a greenshoe option that permits the increase of capacity above the original 200 MW. The idea uses a hybrid power system that combines battery storage with solar and wind power in suitable amounts.
It is anticipated that the project will be put into service 24 months after the power purchase agreement (PPA) execution date. After a reverse online auction and vigorous bidding, the project was chosen. An annual 9 lakh metric tonnes of CO2 emissions will be offset by the installation.
With this victory, TPREL’s total renewable capacity rises to 8,314 MW, consisting of 4,100 MW of projects in various stages of construction and 4,214 MW of operating capacity, of which 3,200 MW are solar and 1,014 MW are wind projects.
