TPREL to Set Up 100 MW Solar Power Plant in Andhra Pradesh
India: Tata Power Renewable
Energy Limited (TPREL) signed a Power Purchase Agreement with Solar Energy
Corporation of India Limited (SECI) to set up 100MW solar powered plant at
Anantpuram Solar Park in Andhra Pradesh. The projected is expected to be
commission by October 16, 2017. TPREL secured the project through bidding
process in open category under the Jawahar Lal Nehru National Solar Mission
(JNNSM). TPREL is a wholly owned subsidiary of Tata Power Company Limited and
has a current power installed capacity of 294 MW including 240 MW of wind power
and 54 MW of Solar Power. The company has presence in Maharashtra, Gujarat,
Madhya Pradesh and Rajasthan and it plans install 500 MW renewable power in the
coming years.
TechSci Research depicts that the development of plant would contribute to
India’s target of setting up 100GW of solar Power capacity by the end of 2020
which is considered as the largest solar capacity addition program in the
world. Solar Power in India is witnessing rapid growth promote clean energy
sources and reduce dependency on fossil fuels. Solar energy sector is a
lucrative sector attracting large scale private sector investment. States such
as Rajasthan, Madhya Pradesh, Andhra Pradesh are at the forefront in adding
solar power projects. The large-scale deployment of solar power plants across
India would boost the demand for solar power equipment Market in India.
According to released report of TechSci Research “India Solar Power Equipment Market Forecast & Opportunities, 2020”, the solar power equipment market in India is projected to surpass USD4
billion by 2020, wherein solar energy would be generated by employing
photovoltaic (PV) and concentrated solar power (CSP) technologies across the
country. Constantly improving solar equipment technologies, advanced
manufacturing processes for production of hi-tech equipment and anticipated
decline in equipment prices is projected to further drive the solar equipment
market over the next five years.