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Tata Power Commissions 126 MW Floating Solar Project in Madhya Pradesh

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Synopsis:

Tata Power Renewable Energy commissions a 126 MW floating solar project worth ₹596 crore in Madhya Pradesh. The renewable energy capacity now stands at 10.9 GW. Tata Power share price reflects optimism.

Tata Power news today

Tata Power Renewable Energy Ltd (TPREL) has successfully commissioned a 126 MW floating solar power project in Omkareshwar, Madhya Pradesh. Awarded by NHDC Limited, the ₹596 crore project is one of India’s largest floating solar installations. The power generated will be supplied to the Madhya Pradesh Power Transmission Company Limited (MPPTCL).

TATA POWER CO LTD

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408.05-0.05 (-0.01 %)

Updated - 21 November 2024
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Key Takeaways:

  • Project Location: Omkareshwar, Khandwa district, Madhya Pradesh.

  • Capacity: 126 MW, one of India’s largest floating solar projects.

  • Project Cost: ₹596 crore.

  • Timeline: Completed in 26 months.

  • Power Offtaker: Madhya Pradesh Power Transmission Company Limited.

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Tata Power’s Renewable Energy Milestones

With the completion of this project, Tata Power’s total renewable energy capacity has increased to 10.9 GW. The company’s operational capacity stands at 5.3 GW, including 4.3 GW of solar and 1 GW of wind energy projects. A further 5.6 GW of projects are in various stages of implementation, solidifying Tata Power’s leadership in renewable energy.

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Tata Power Renewable Energy Capacity Overview

Metric

Capacity (GW)

Total Renewable Capacity

10.9

Operational Capacity

5.3

Solar Capacity (Operational)

4.3

Wind Capacity (Operational)

1.0

Projects Under Implementation

5.6

Implications For Tata Power Share Price

The commissioning of the floating solar project is expected to boost investor confidence, contributing positively to Tata Power share price. The project highlights Tata Power’s commitment to renewable energy, which aligns with India’s sustainability goals.

This milestone underscores Tata Power’s significant role in India’s transition to renewable energy. The Omkareshwar floating solar project strengthens Tata Power’s renewable portfolio, with a focus on innovation and sustainable energy solutions.

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Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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