Tata Power wins 350 MW solar auction in Maharashtra

Tata Power’s subsidiary, TP Saurya Limited, has won 250 MW of grid-connected solar photovoltaic projects at a solar auction in Maharashtra by quoting a price of Rs 2.51 per kWh. 

The projects are located at the Dondaicha Solar Park in Dhule, Maharashtra. The auction was organised by Maharashtra State Power Generation Company Limited (MAHAGENCO) and other participants were SJVN and NTPC Renewable Energy who quoted Rs 2.53 per kWh and Rs 2.82 per kWh, respectively. The ceiling tariff on the tender was Rs 2.83 per kWh, and its validity is for 25 years. The cost of the project is expected to be Rs 8.75 billion and must be commissioned within 15 months from the power purchase agreement (PPA) date. The project will be divided into three blocks – Block I (75 MW), Block-II (125 MW), and Block III (50 MW).