Tata Power Co. commissions 100 MW solar PV projects in Uttar Pradesh

18 Jan 2022 , 10:27 AM

Despite the various COVID-19 challenges faced by the industry, Tata Power Renewable Energy (TPREL) through Tata Powers EPC arm, Tata Power Solar Systems has successfully completed the project within the project timelines. The plants are expected to generate more than 221.26 million units annually.

Approximately 1,59,600 modules were used in the project at Prayagraj and the installation is expected to reduce 91,137 lakh tons of carbon emission every year. For the smooth implementation, installation of 16 inverters, 103.25 km of DC cable and 4,87,080 man hours were used in the project.

Similarly, at Banda, 1,67,440 modules were used over 236 acres of land, with 16 invertors using 3,35,000 man hours. The plants at Prayagraj and Banda are expected to reduce 1,77,037 lakh tons of carbon emission annually.

The Power Purchase Agreement (PPA) has already been signed between TPREL and Uttar Pradesh Power Corporation (UPPCL), Lucknow for these two projects. With the addition of 100 MW, the renewables capacity in operation for Tata Power will be 3055 MW with 2123 MW of solar and 932 MW of wind. Tata Power Co. total renewable capacity is 4909 MW with another 1,854 MW of renewable projects under various stages of implementation.

The companys consolidated net profit surged 36% to Rs 506 crore in Q2 FY22 from Rs 370.93 crore posted in Q2 FY21. Consolidated revenue rose 13% year-on-year (Y-o-Y) to Rs 9,502 crore.

The scrip fell 1.03% to currently trade at Rs 245.45 on BSE. Tata Power Company (TPC) is one of the largest private-sector power utilities in India, with an installed generation capacity of 13,068 megawatts as of September 2021. The companys business operations include power generation from thermal, hydro, solar and wind sources, transmission and distribution. The company also owns coal mines in Indonesia and a license for coal mining in Russia.

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