Tata Power Renewable Energy Ltd. (TPREL), India's largest renewable energy company and Tata Power's wholly-owned subsidiary, has recently announced the commissioning of its 25 MW solar plant built over 113 acre of land in Charanka, Gujarat Solar Park. The company has bagged the project in November 2016 under the National Solar Mission of Government of India through VGF mode. The Sale of power from solar plant has been tied up under a 25 year Power Purchase Agreement with SECI at a tariff of Rs. 4.43/ unit.
Mr. Rahul Shah, CEO, Tata Power Renewable Energy Limited, said, "We aim to create a focused renewable energy business in TPREL with a sustained growth trajectory. The commissioning of the 25 MW solar plant in Gujarat marks a milestone in our drive, to grow our portfolio of clean and renewable energy generation. We are grateful to the Government of Gujarat and to the nodal agencies for their support while developing the project. As always, we will continue to look for opportunities to acquire operating wind and solar plants, apart from our own organic growth pipeline, to grow our generation portfolio."
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