Tata Power has signed a Power Purchase Agreement (PPA) with Tata Power Mumbai Distribution to develop an 80 MW firm and dispatchable renewable energy project, marking a major milestone in the company’s renewable energy expansion strategy.
Project Details
- Capacity: 80 MW firm and dispatchable renewable energy plant
- Expected Completion: 24 months
- Estimated CAPEX: ₹1,200 crore
- Corporate Governance: As a related-party transaction, the PPA has been executed at arm’s length, ensuring compliance with corporate governance norms
The project underlines Tata Power’s continued focus on strengthening its renewable energy portfolio and supporting India’s transition to cleaner energy sources.
Corporate Highlights
Earlier in 2025, Tata Power declared a dividend of ₹2.25 per share with ex-date and record date on 20th June 2025. Investors holding shares in their demat accounts on the record date are eligible to receive the payout.
Summary:
Tata Power has signed a Power Purchase Agreement with Tata Power Mumbai Distribution to develop an 80 MW renewable energy project at an estimated cost of ₹1,200 crore. The plant is expected to be completed in 24 months and reflects Tata Power’s continued commitment to expanding its renewable energy capacity.
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