Tata Power’s arm receives LoA from Gujarat Urja Vikas Nigam
15th Jun 2020

Tata Power Company’s wholly owned subsidiary -- Trust Energy Resources (TERPL) has received a Letter of Award (LoA) from Gujarat Urja Vikas Nigam (GUVNL) to develop a 120 MW solar project in Gujarat.

The energy will be supplied to GUVNL under a Power Purchase Agreement (PPA), valid for a period of 25 years from scheduled commercial operation date. The Company has won this capacity in a bid announced by GUVNL under Phase VIII dated February 2020. The project is required to be commissioned within 18 months from the date of execution of the PPA.

Tata Power Company is India’s largest integrated power company with a growing international presence.