We wish to inform you that Tata Power Renewable Energy Limited( TPREL ), a subsidiary of the Company signs Power Purchase Agreement( PPA ) with NTPC Limited to set up 200 MW Firm and Dispatchable Renewable Energy Project.
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Tata Power's subsidiary Tata Power Renewable Energy Limited (TPREL) has signed a Power Purchase Agreement with NTPC Limited to set up a 200 MW Firm and Dispatchable Renewable Energy project. The project will be executed over 24 months and involves a capital commitment of approximately ₹4,500 crore. The project is domestic and the power will be supplied as per NTPC's scheduling needs, with assured (firm) supply characteristics. There is no related party involvement in the transaction.
This is a sizeable order win for TPREL worth around ₹4,500 crore, strengthening Tata Power's renewable energy order book and providing multi-year revenue visibility. The association with NTPC, a major central PSU, signals strong project execution credibility and should be viewed positively by investors.