Tata Power Renewable Energy, a subsidiary of Tata Power, has successfully commissioned a 25 MW solar farm in Maharashtra's Satara district. The 130-acre plant, located at Palaswadi village in Maan taluka, uses crystalline silicon photo-voltaic technology.
The plant is expected to generate about 46 MU per year, which will enable Tata Power to meet its solar renewable purchase obligations.
It is one of the largest solar plants set up by a private power utility in Maharashtra. The power produced by it will be evacuated through the state transmission network. Maan taluka is a water-scarce, drought-prone region of Maharashtra. The company has begun construction of check dams, which will harness rain water and make it available for irrigation and other uses that will benefit the locals.
The project, with an overall cost of Rs.250 crore, is being funded through debt and equity components. Tata Power Renewable Energy had tied up the entire debt requirement through IDFC in February . The signing of financing agreements was completed on February 24. The company complied with the pre-disbursement conditions under the financing agreements and received the first disbursement on February 28.
The company has been operating solar capacities of 3 MWp at Mulshi in Maharashtra and 25 MWp at Mitahpur in Gujarat, along with its first solar power plant of 110 kW set up in 1996 at Walwhan in Lonavla. With these projects, Tata Power now has a strong portfolio of 56+ MW of solar and 461 MW of wind making it the largest renewable utility in India.
The plant is expected to generate about 46 MU per year, which will enable Tata Power to meet its solar renewable purchase obligations.
It is one of the largest solar plants set up by a private power utility in Maharashtra. The power produced by it will be evacuated through the state transmission network. Maan taluka is a water-scarce, drought-prone region of Maharashtra. The company has begun construction of check dams, which will harness rain water and make it available for irrigation and other uses that will benefit the locals.
The project, with an overall cost of Rs.250 crore, is being funded through debt and equity components. Tata Power Renewable Energy had tied up the entire debt requirement through IDFC in February . The signing of financing agreements was completed on February 24. The company complied with the pre-disbursement conditions under the financing agreements and received the first disbursement on February 28.
The company has been operating solar capacities of 3 MWp at Mulshi in Maharashtra and 25 MWp at Mitahpur in Gujarat, along with its first solar power plant of 110 kW set up in 1996 at Walwhan in Lonavla. With these projects, Tata Power now has a strong portfolio of 56+ MW of solar and 461 MW of wind making it the largest renewable utility in India.
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