Tata Power Renewable Energy Limited to Set Up 80 MW Renewable Energy Project with Tata Power Mumbai Distribution

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power Company Ltd, has signed a Power Purchase Agreement (PPA) with Tata Power Mumbai Distribution (TPC-D) to set up a 80 MW Firm and Dispatchable Renewable Energy Project. The project has a CAPEX of approximately ₹ 1,200 crore and is expected to be completed within 24 months. The TPREL is a domestic entity and the PPA is considered as a related party transaction which will be done at 'arm's length'.