Tata Power Solar Project
Adding to its project portfolio in the green power sector, Tata Power has recently commissioned its second solar power project commanding a capacity of 25 MW solar power at Palaswadi in Maharashtra. The player has developed photovoltaic power project, through its subsidiary, Tata Power Renewable Energy Ltd (TPREL)), the company said in a statement, adding that the project with an overall cost of Rs 250cr is being funded through debt and equity. In order to build the project TPREL had tied up the entire debt requirement through IDFC Ltd in February and received the first loan disbursement shortly after that. The project was ready during last week of March but could not be connected to state's grid due to non availability of shutdown in existing lines and substations. The solar plant, which is located in the Satara district of Maharashtra, uses Crystalline Silicon Photo-Voltaic Technology and is expected to generate approximately 46 million units per year, and the electricity from this plant is being evacuated through the state's transmission network.