TATAPOWER NSE filing

Tata Power Renewables breaks ground on ₹5,750 Cr, 800 MW RE project in AP

The RealCase readHigh impact Positive

Tata Power Renewables has broken ground on an 800 MW renewable energy project in Andhra Pradesh, involving an investment of ₹5,750 crore. The project includes 400 MW solar and 400 MW wind capacity, with a 200 MW FDRE project for NTPC. It aims to generate 4,000 local jobs.

Why it matters

The project involves a substantial investment of ₹5,750 crore and a large capacity of 800 MW, significantly contributing to the company's renewable energy portfolio and India's clean energy targets.

The market read

The announcement details a significant new renewable energy project, indicating growth and investment in clean energy, which is positive for the company and the environment.

Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has commenced its 800 MW renewable energy project in Andhra Pradesh with a groundbreaking ceremony. This significant project, representing an investment of ₹5,750 crore, is set to accelerate India's clean energy transition.

The project combines 400 MW of solar power capacity and 400 MW of wind power capacity. TPREL will develop the wind asset, while Suzlon will handle the Engineering, Procurement, and Construction (EPC) for the wind component. Additionally, TPREL will develop a 400 MW project for NTPC, including a 200 MW Firm and Dispatchable Renewable Energy (FDRE) project with a Battery Energy Storage System (BESS).

The project has secured 800 MW of Inter-State Transmission System (ISTS) connectivity, ensuring efficient power evacuation. It is being developed in line with the Andhra Pradesh Integrated Clean Energy (ICE) Policy and will require approximately 3,462 acres of land. The initiative is expected to create around 4,000 direct and indirect employment opportunities, contributing to socio-economic development in the region.

Dr. Praveer Sinha, CEO & Managing Director of Tata Power, highlighted the project's role in supporting reliable, round-the-clock renewable power and the nation's growing energy needs. Mr. Girish Tanti, Co-founder of Suzlon Group, emphasized the partnership's contribution to accelerating India's clean energy transition and supporting Andhra Pradesh's energy goals.

Filing to action

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Tata Power Company Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.

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Primary source

A plain-language summary of a public exchange filing by Tata Power Company Limited. Read the original for the full detail.

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