The project, which has been fully operational since January 2012, has a power purchase agreement with GUVNL for sale of the electricity at a tariff of Rs 3.56/kWh for the duration of the project.
Tata Power Renewable Energy was selected as the preferred bidder in a process conducted by AES Corporation. The acquisition is subject to certain conditions, which the companies said will be addressed in a few months time.
With the acquisition, Tata Power’s total generation capacity will increase to 8560 MW and its Wind Operational Generation capacity to 437 MW with WTGs located across five states Maharashtra, Rajasthan, Gujarat, Tamil Nadu and Karnataka.
Tata Power is committed to generating 20-25 percent of its total generation capacity from clean energy sources and is proud to have signed this SPA to acquire 39.2 MW operational wind farm,” said Anil Sardana, Managing Director, Tata Power.
“The project is a clean energy project, which will enhance and increase company’s clean energy footprint,” Sardana continued. “This is our second acquisition of an operating wind asset and we are in constant look out for similar opportunities in respect of wind and solar plants. This is yet another step towards the Company's commitment to Sustainability."
Tata Power’s strategy emphasizes the development of clean energy generation from non-fossil fuel and renewable energy sources to balance the carbon emissions from fossil fuel based generation capacity while contributing towards energy security of the country.
The company currently has four renewable projects registered under the Clean Development Mechanism (CDM) program by United Nations Framework Convention on Climate Change (UNFCCC).
These projects include 50.4 MW Wind project at Gadag, 50.4 MW Wind project at Khandke and 50.4 MW Wind project at Samana in Maharashtra. The fourth project is the 25 MW Solar project at Mithapur, Gujarat.
For additional information:
