Jobaaj Stories
Tata Power Company’s shares soared 3.96% to ₹378.95 following the announcement that its subsidiary, Tata Power Renewable Energy (TPREL), signed a power purchase agreement (PPA) with NTPC for a 200 MW firm and dispatchable renewable energy (FDRE) project. Meanwhile, NTPC’s stock climbed 1.42% to ₹365.20 on the BSE.
The FDRE project, to be developed across various locations in India, is slated for completion within 24 months. It is expected to produce around 1,300 million units (MUs) of clean energy annually, cutting over 1 million tons of CO2 emissions each year. Secured through competitive bidding, the project integrates solar, wind, and battery energy storage systems (BESS), ensuring a reliable four-hour peak power supply with at least 90% availability to meet the rising demands of distribution companies.
This partnership strengthens TPREL’s leadership in India’s renewable energy landscape, particularly in hybrid projects combining solar, wind, and storage. The company’s total renewable utility capacity now stands at 10.9 GW, with 5.5 GW operational (4.5 GW solar, 1 GW wind) and 5.4 GW under implementation (2.7 GW solar, 2.7 GW wind), set to roll out over the next 6–24 months.
Tata Power, a flagship of the Tata Group, boasts a 15.6 GW portfolio covering renewable and conventional energy, transmission, distribution, trading, storage, and solar manufacturing. NTPC Green Energy, a subsidiary of the ‘Maharatna’ NTPC, remains India’s largest renewable energy public sector enterprise (excluding hydro) by operating capacity.
This collaboration underscores both companies’ commitment to driving India’s sustainable energy transition.
