Tata Power's subsidiary receives LoA from SECI for hybrid power project in Karnataka

Tata Power’s fully-owned subsidiary, TP Saurya Limited (TPSL) received a 'Letter of Award' (LoA) from Solar Energy Corporation of India (SECI) for establishing a 600 MW hybrid power project in Karnataka, it informed the exchanges on Wednesday.

The letter was awarded through tariff-based competitive bidding followed by an e-Reverse auction. The total renewables capacity of Tata Power, with this win, has reached approximately 5,524 MW, with an installed capacity of 3,634 MW and 1,890 MW under various stages of implementation, the company said.

According to the press release, this project will be commissioned within 24 months from the PPA execution date.


"We are enthused with the win of 600MW hybrid project for SECI as it reaffirms Tata Power's commitment to building a sustainable ecosystem for transitioning towards a greener future. Renewable hybrid projects are a game changer in India as they can generate round-the-clock power with high reliability levels to help meet country's decarbonisation goals," said Dr. Praveer Sinha, CEO & MD Tata Power.