Tata Power subsidiary greenlights 80 MW FDRE project for ₹1,200 crore.

Tata Power Renewable Energy Ltd (TPREL) will develop an 80 MW Firm and Dispatchable Renewable Energy (FDRE) project for Tata Power Mumbai Distribution. The project, valued at ₹1,200 crore, will provide reliable, low-emission power to approximately 8 lakh customers in the city.

In an exchange filing, Tata Power, TPREL's parent company, announced that the power purchase agreement (PPA) commits to delivering power from a hybrid system combining advanced solar, wind, and battery storage. Unlike traditional renewable projects, FDRE technology enables reliable energy dispatch during peak demand, strengthening grid stability.

Key project details include an estimated capital expenditure of ₹1,200 crore. The project aims to generate approximately 315 million units of electricity and reduce carbon dioxide emissions by over 0.25 million tons annually. With an execution timeline of 24 months, a notable feature is the commitment to provide a four-hour peak power supply with at least 90% availability during peak demand.

This project will help Tata Power Mumbai Distribution fulfill its Renewable Purchase Obligation, as required by the State's Regulatory Commission. The clean energy will be integrated into the existing grid to supply electricity to various sectors.