Blog

Tata Power has secured a Letter of Award (LOA) from Solar Energy Corporation of India Limited (SECI) to provide pumped storage services, with an annual fixed charge revenue potential of ₹351.3 crore. The agreement involves providing storage capacity from a 324 MW / 2,592 MWh Pumped Storage Project (PSP) for a period of 40 years, strengthening Tata Power’s presence in the renewable energy storage sector.

The contract includes a fixed annual charge of ₹1.0841826 crore per MW per year and an annual cycle loss of 24.61%. Based on the contracted capacity of 324 MW, the total annual fixed charge will amount to ₹351.3 crore.

SECI, a Government of India enterprise, will enter into a Pumped Storage Purchase Agreement (PSPA) with Tata Power following the execution of a Pumped Storage Sale Agreement with the procuring entities.

Tata Power is required to commence the supply of storage capacity within 36 months from the effective date of the PSPA. The project is domestic in nature and does not involve any interest of Tata Power’s promoter, promoter group, or group companies in the awarding entity. The transaction does not qualify as a related party transaction.

Tata Power has secured a Letter of Award (LOA) from Solar Energy Corporation of India Limited (SECI) to provide pumped storage services, with an annual fixed charge revenue potential of ₹351.3 crore. The agreement involves providing storage capacity from a 324 MW / 2,592 MWh Pumped Storage Project (PSP) for a period of 40 years, strengthening Tata Power’s presence in the renewable energy storage sector.

The contract includes a fixed annual charge of ₹1.0841826 crore per MW per year and an annual cycle loss of 24.61%. Based on the contracted capacity of 324 MW, the total annual fixed charge will amount to ₹351.3 crore.

SECI, a Government of India enterprise, will enter into a Pumped Storage Purchase Agreement (PSPA) with Tata Power following the execution of a Pumped Storage Sale Agreement with the procuring entities.

Tata Power is required to commence the supply of storage capacity within 36 months from the effective date of the PSPA. The project is domestic in nature and does not involve any interest of Tata Power’s promoter, promoter group, or group companies in the awarding entity. The transaction does not qualify as a related party transaction.

Tata Power has secured a Letter of Award (LOA) from Solar Energy Corporation of India Limited (SECI) to provide pumped storage services, with an annual fixed charge revenue potential of ₹351.3 crore. The agreement involves providing storage capacity from a 324 MW / 2,592 MWh Pumped Storage Project (PSP) for a period of 40 years, strengthening Tata Power’s presence in the renewable energy storage sector.

The contract includes a fixed annual charge of ₹1.0841826 crore per MW per year and an annual cycle loss of 24.61%. Based on the contracted capacity of 324 MW, the total annual fixed charge will amount to ₹351.3 crore.

SECI, a Government of India enterprise, will enter into a Pumped Storage Purchase Agreement (PSPA) with Tata Power following the execution of a Pumped Storage Sale Agreement with the procuring entities.

Tata Power is required to commence the supply of storage capacity within 36 months from the effective date of the PSPA. The project is domestic in nature and does not involve any interest of Tata Power’s promoter, promoter group, or group companies in the awarding entity. The transaction does not qualify as a related party transaction.

Tata Power has secured a Letter of Award (LOA) from Solar Energy Corporation of India Limited (SECI) to provide pumped storage services, with an annual fixed charge revenue potential of ₹351.3 crore. The agreement involves providing storage capacity from a 324 MW / 2,592 MWh Pumped Storage Project (PSP) for a period of 40 years, strengthening Tata Power’s presence in the renewable energy storage sector.

The contract includes a fixed annual charge of ₹1.0841826 crore per MW per year and an annual cycle loss of 24.61%. Based on the contracted capacity of 324 MW, the total annual fixed charge will amount to ₹351.3 crore.

SECI, a Government of India enterprise, will enter into a Pumped Storage Purchase Agreement (PSPA) with Tata Power following the execution of a Pumped Storage Sale Agreement with the procuring entities.

Tata Power is required to commence the supply of storage capacity within 36 months from the effective date of the PSPA. The project is domestic in nature and does not involve any interest of Tata Power’s promoter, promoter group, or group companies in the awarding entity. The transaction does not qualify as a related party transaction.

Tata Power has secured a Letter of Award (LOA) from Solar Energy Corporation of India Limited (SECI) to provide pumped storage services, with an annual fixed charge revenue potential of ₹351.3 crore. The agreement involves providing storage capacity from a 324 MW / 2,592 MWh Pumped Storage Project (PSP) for a period of 40 years, strengthening Tata Power’s presence in the renewable energy storage sector.

The contract includes a fixed annual charge of ₹1.0841826 crore per MW per year and an annual cycle loss of 24.61%. Based on the contracted capacity of 324 MW, the total annual fixed charge will amount to ₹351.3 crore.

SECI, a Government of India enterprise, will enter into a Pumped Storage Purchase Agreement (PSPA) with Tata Power following the execution of a Pumped Storage Sale Agreement with the procuring entities.

Tata Power is required to commence the supply of storage capacity within 36 months from the effective date of the PSPA. The project is domestic in nature and does not involve any interest of Tata Power’s promoter, promoter group, or group companies in the awarding entity. The transaction does not qualify as a related party transaction.

KPI Green Energy Limited has received the charging permission (CEIG Approval) from the Chief Electrical Inspector, Nagpur, for its 100 MW (AC) / 128 MW (DC) grid-connected ground-mounted solar PV project developed for Maharashtra State Power Generation Company Limited (MAHAGENCO).

The solar project, executed by KPI Green Energy on a turnkey EPC basis, is located at Ramthi, Narkhed, in Nagpur district, Maharashtra. The receipt of charging permission marks a key milestone, enabling the project to move closer to commercial operations.

With the successful completion of this milestone, KPI Green Energy has established its operational presence in Maharashtra while adding a significant state utility-scale solar project to its portfolio. The company stated that the achievement underscores its execution capabilities in delivering large-scale, grid-connected renewable energy projects for public-sector utilities.

The company disclosed the development through a regulatory filing with the BSE Limited and the National Stock Exchange of India Limited (NSE).

KPI Green Energy Limited has received the charging permission (CEIG Approval) from the Chief Electrical Inspector, Nagpur, for its 100 MW (AC) / 128 MW (DC) grid-connected ground-mounted solar PV project developed for Maharashtra State Power Generation Company Limited (MAHAGENCO).

The solar project, executed by KPI Green Energy on a turnkey EPC basis, is located at Ramthi, Narkhed, in Nagpur district, Maharashtra. The receipt of charging permission marks a key milestone, enabling the project to move closer to commercial operations.

With the successful completion of this milestone, KPI Green Energy has established its operational presence in Maharashtra while adding a significant state utility-scale solar project to its portfolio. The company stated that the achievement underscores its execution capabilities in delivering large-scale, grid-connected renewable energy projects for public-sector utilities.

The company disclosed the development through a regulatory filing with the BSE Limited and the National Stock Exchange of India Limited (NSE).

KPI Green Energy Limited has received the charging permission (CEIG Approval) from the Chief Electrical Inspector, Nagpur, for its 100 MW (AC) / 128 MW (DC) grid-connected ground-mounted solar PV project developed for Maharashtra State Power Generation Company Limited (MAHAGENCO).

The solar project, executed by KPI Green Energy on a turnkey EPC basis, is located at Ramthi, Narkhed, in Nagpur district, Maharashtra. The receipt of charging permission marks a key milestone, enabling the project to move closer to commercial operations.

With the successful completion of this milestone, KPI Green Energy has established its operational presence in Maharashtra while adding a significant state utility-scale solar project to its portfolio. The company stated that the achievement underscores its execution capabilities in delivering large-scale, grid-connected renewable energy projects for public-sector utilities.

The company disclosed the development through a regulatory filing with the BSE Limited and the National Stock Exchange of India Limited (NSE).