TP Saurya Ltd (TPSL), a wholly owned subsidiary of Tata Power, has received a letter of intent from Maharashtra State Power Generation Co Ltd (MAHAGENCO) for setting up of a 250 MW grid-connected solar photovoltaic power plant in Maharashtra.
The project has been awarded to TPSL through tariff-based competitive bidding followed by e-reverse auction.
The company received the LoI in a bid announced by MAHAGENCO for setting up a 250 MW solar plant at Dondaicha Solar Park in Dhule district of Maharashtra. Maharashtra State Electricity Distribution Company Ltd (MSEDCL) has conveyed consent to purchase the power generated from this solar plant.
The solar plant project will be commissioned within 15 months from the date of power purchase agreement execution.
Praveer Sinha, CEO and Managing Director, said the project will further promote the share of renewable power in overall energy mix in Maharashtra.