Tata Power Renewable Energy, a subsidiary of India based integrated power company Tata Power, has received letter of intent to develop two solar parks, each with a capacity of 50MW, in southwestern part of India.
The projects are planned to be developed at the Pavagada solar complex in the Tumkur district, Karnataka, a state in India.
Tata Power also received authorization to sign a 25-year power purchase agreement with NTPC Vidyut Vyapar Nigam for the power generated from the two solar farms.
Tata Power CEO and managing director Anil Sardana said: "The two solar projects will add 100MW of non-fossil fuel energy to our total generation capacity, thereby, significantly increasing our green footprint.
"This move is line with the Government’s set target of 100GW from solar energy by 2017. In the next 5 years, the Company plans to significantly add to its solar generation capacity."
Tata Power plans to generate 30-40% of its total power from non-fossil fuel sources by 2025.
The projects have been awarded as part of India’s Jawaharlal Nehru National Solar Mission Phase-Il Batch-Il Tranche-l under ‘State Specific Bundling Scheme’.
Launched in January 2010, the India’s JNNSM initiative aims to have 20,000MW of installed solar capacity by 2022 and reduce solar power generation cost in the country.
As part of this effort, the mission will focus on long term policy; large scale deployment goals; aggressive R&D; and domestic production of critical raw materials, components and products.
Image: India intends to have 20,000MW of installed solar capacity by 2022. Photo: courtesy of worradmu/ FreeDigitalPhotos.net.