Tata Power Trading Company (TPTCL), a subsidiary of Tata Power, has invited expressions of interest for the procurement of up to 500 MW of renewable energy, including solar, wind, hybrid, hydro, or green attributes, for a period of up to 25 years. Bidders are required to submit their proposals by January 31, 2025. The scope of the procurement includes the long-term offtake of power or green attributes generated from renewable energy projects, either through physical or virtual arrangements. The delivery point for the energy will be at the interconnection between the project and the central or state transmission utility network.
The minimum bid quantum has been set at 10 MW, with a contract duration of 25 years. Eligible bidders can include utilities, single companies, or consortia of companies, provided they meet the financial requirements. The minimum net worth required is Rs 100 million, with additional net worth requirements for the past three financial years varying by project size: Rs 500 million for 10 MW to 50 MW, Rs 1 billion for 50 MW to 100 MW, Rs 2 billion for 100 MW to 200 MW, Rs 3 billion for 200 MW to 300 MW, Rs 4 billion for 300 MW to 400 MW, and Rs 5 billion for 400 MW to 500 MW. The initiative seeks to provide end buyers with a firm generation tariff from renewable energy sources, reducing uncertainties associated with coal and gas prices.
In November 2024, Tata Power entered into a strategic agreement with Noida International Airport (NIA) to supply a combination of wind and solar energy, with a total investment of Rs 55 million. Under this agreement, TPTCL will supply 10.8 MW of wind power to NIA, utilising secured assets from Tata Power Renewable Energy Limited (TPREL).
