According to reports, Tata Power Renewable Energy Ltd, a subsidiary of Tata Power, has successfully commissioned a 25MW solar farm in Maharashtra’s Satara district, the company said on Monday.
The 130-acre plant, located at Palaswadi village in Maan taluka, uses crystalline silicon photo-voltaic technology.
“We are delighted to announce the commissioning of yet another large solar project of 25MW,” said Anil Sardana, managing director at Tata Power.
The plant is expected to generate about 46MU per year, which will enable Tata Power to meet its solar renewable purchase obligations.
It is one of the largest solar plants set up by a private power utility in Maharashtra. The power produced by it will be evacuated through the state transmission network.
Maan taluka is a water-scarce, drought-prone region of Maharashtra. The company has begun construction of check dams, which will harness rain water and make it available for irrigation and other uses that will benefit the locals.
The project, with an overall cost of about Rs 250 crore, is being funded through debt and equity components. Tata Power Renewable Energy had tied up the entire debt requirement through IDFC Ltd in February. The signing of financing agreements was completed on February 24.
The company complied with the pre-disbursement conditions under the financing agreements and received the first loan disbursement on February 28.
The company has been operating solar capacities of 3 MWp at Mulshi in Maharashtra and 25 MWp at Mitahpur in Gujarat, along with its first solar power plant of 110 kW set up in 1996 at Walwhan in Lonavla. With these projects, Tata Power now has a strong portfolio of 56+ MW of solar and 461 MW of wind, making it the largest renewable utility in India.