US’ SunEdison in 20-year pact with Tata Power Delhi

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New Delhi | Updated: July 24, 2015 12:03:14 PM

SunEdison will supply power to Tata Power Delhi Distribution from a plant in Shivpuri district in Madhya Pradesh.

power gridSunEdison will supply power to Tata Power Delhi Distribution from a plant in Shivpuri district in Madhya Pradesh.(Reuters)

US-based solar power development company SunEdison on Thursday annouced that it has entered into a 20-year power supply agreement for 180 MW of solar energy with Tata Power Delhi Distribution (TPDDL), the largest distribution company in Delhi. SunEdison was the winner in the competitive bidding process for supplying power to the discom.

SunEdison will supply power to TPDDL from a plant in Shivpuri district in Madhya Pradesh. The plant would take about 12-18 month to commission. While half of the contracted capacity (90 MW) would be available to the discom at R6.49/unit, the other half would cost R6.52/unit. TPDDL is a JV between Tata Power and the NCR government.

“With this, TPDDL will be able to meet its renewable purchase obligation for FY17. The quantum of contracted capacity is nearly 3% of the company’s total procurement annually,” TPDDL official Sugata Mukherjee said.

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