TP Saurya Limited inks PPA with Tata Power Trading Company Limited to set up 200 MW solar project in Rajasthan

TP Saurya Limited (TPSL), a subsidiary of Tata Power Renewable Energy Limited (TPREL) and is one of the country's most significant renewable energy players, signed a Power Purchase Agreement (PPA) with Tata Power Trading Company Limited (TPTCL), to set up a 200MW (280MWp) solar project at Bikaner in Rajasthan.

The plant will be commissioned by March 2024. TPTCL has entered into a PPA with TPSL for a duration of 25 years.

The Project will be connected to the Central Transmission Utility (CTU) Bus and will supply 485 Million Units of energy annually.

With this win, the total renewables capacity of TPREL reaches 6,788 MW with an installed capacity of 3,917 MW (Solar - 2,989 MW & Wind - 928 MW) and 2,871 MW under various stages of implementation.

Shares of Tata Power Company Limited was last trading in BSE at Rs. 206.25 as compared to the previous close of Rs. 204.10. The total number of shares traded during the day was 395649 in over 5765 trades.

The stock hit an intraday high of Rs. 207.20 and intraday low of 204.25. The net turnover during the day was Rs. 81513469.00.

Source : Equity Bulls

Keywords

TataPowerCompany INE245A01021 TPSaurya TataPowerRenewableEnergy PPA 200MW SolarProject Bikaner Rajasthan