Tata Power share price to focus on Tuesday after this renewable energy treaty with NTPC | Einsmark news

Shares of Tata Power, a leading integrated power business and part of the TATA group, will be in focus on Tuesday, April 15, as the company reaches a 10.9 GW capacity after signing a PPA at NTPC Limited for a 200 MW firm and the shipping renewable energy project. The company informed investors on April 14 through an Exchange launching that its subsidiary, Tata Power Renewable Energy Limited, has signed a power purchase agreement (PPA) with NTPC Limited (NTPC), India’s largest integrated power business, to develop a 200 MW firm and shippable renewable energy. “The project, which has been distributed over several places in India, will be completed within 24 months and is expected to generate approximately 1,300 million units (cap) of electricity annually, softening more than 1 million tonnes of carbon dioxide emissions per year. support energy needs of distribution companies, ”the company said in its regulatory filing. With this project, the total renewable utility capacity of the enterprise has reached 10.9 GW. Currently, 5.5 GW of this capacity is in operation, which consists of 4.5 GW solar and 1 GW wind energy. In addition, the company said that 5.4 GW is under different stages of implementation, evenly divided between 2.7 GW solar and 2.7 GW wind projects. According to the company, these ongoing projects are expected to be completed in the phases over the next 6 to 24 months in a related way. Recent developments in its filing on April 7 have announced that it has received approval from the Maharashtra Electricity Regulatory Commission (Merc) to install a 100 MW Battery Energy Storage System (BESS) in Mumbai over the next two years. According to the company, it will enable a rapid recovery from the power supply to critical infrastructure, including the subway, hospitals, airports and data centers, in the case of grid disorders. The entire 100 MW system will be installed over ten strategically located websites, especially close to cargo centers over the distribution of Mumbai, and will be centrally monitored and controlled from Tata Power System Control Center (PSCC). At the end of February 2025, TP Solar Limited, Tata Power’s solar manufacturing arm, won a £ 632 crore contract from Solar Energy Corporation of India Limited (Seci) for providing 292.5 MWP DCRCrag modules. Disclaimer: The views and recommendations given in this article are those of individual analysts. This does not represent the views of coin. We advise investors to check with certified experts before making investment decisions. First published: 14 Apr 2025, 03:20 IST