Tata Power Renewable Energy Limited (TPREL), a prominent player in India's renewable energy sector and a subsidiary of Tata Power, has successfully commissioned the 431 MW DC solar project at Neemuch in Madhya Pradesh. Perceived to be one of India's most cost-effective bids for large-scale solar energy production, the project was won through a competitive bidding process.
Spanning across 1,635.63 acres, the project is India's first solar project site to incorporate cuttingedge technology, featuring a unique combination of single-axis trackers and bi-facial modules, thereby, setting a new benchmark for solar energy generation in India. This innovative integration has boosted the efficiency of the entire system by over 15%, enabling peak power supply for extended hours. The project is extremely innovative and was built by successfully overcoming several challenges, including rocky terrain, transmission line readiness, and remote site logistics.
Mr. Deepesh Nanda, CEO and Managing Director, Tata Power Renewable Energy Limited, said, "We are thrilled to announce the successful commissioning of the 431 MW DC solar project in Neemuch. At Tata Power Renewables, we are proud to lead the way towards a greener future for India and this project is a testament to our commitment to sustainable energy and innovation while working tirelessly to enhance efficiency and reliability in India's solar sector. We are confident that this project will not only reduce our carbon footprint but also strengthen our role in powering key infrastructure, including Western Central Railways and Madhya Pradesh Power Management Co. Ltd."
The project contributes to sustainability with an estimated CO2 offset of 7,80,300 tonnes and meets the highest engineering standards, with simultaneous SCADA commissioning ensuring optimal performance. The system is CEA compliant, ensuring seamless operation of the Static Var Generator (SVG), and adheres to WRLDC compliance through the integration of harmonic filters. This project also ensures reliable power supply to Western Central Railways and Madhya Pradesh Power Management Company Limited, playing a crucial role in the region's energy infrastructure.
Mr. Manu Srivastava (IAS), Additional Chief Secretary, New and Renewable Energy Department, Government of Madhya Pradesh stated, "We are pleased to partner with Tata Power Renewables on the successful commissioning of the 431 MW DC solar project. This project not only demonstrates the viability of cost-effective solar energy, with a winning bid price but also highlights the potential of sustainable energy solutions to drive India's green energy transition. By combining innovative technology and engineering excellence, we are proud to contribute to the country's renewable energy goals."
With this achievement, TPREL's total renewable energy capacity now stands at 10.9 GW with 5.5 GW of projects in various stages of implementation. Its operational capacity has reached 5.4 GW, comprising 4.4 GW of solar and 1 GW of wind energy projects.
Shares of Tata Power Company Limited was last trading in BSE at Rs. 416.15 as compared to the previous close of Rs. 414.05. The total number of shares traded during the day was 658644 in over 10940 trades.
The stock hit an intraday high of Rs. 418.85 and intraday low of 412.05. The net turnover during the day was Rs. 274001872.00. |
