Tata Power Trading Company Limited (TPTCL), a subsidiary of Tata Power, has launched an Expression of Interest (EoI) to procure 500 MW of renewable energy. This procurement covers solar, wind, hybrid, hydroelectric projects, or green attributes, with contract durations extending up to 25 years. Interested bidders are required to submit their proposals by January 31, 2025, ensuring a swift move towards enhanced renewable energy integration.
The initiative allows flexibility for both physical and virtual procurement, with energy delivery points set at the interconnection of projects with central or state transmission utility networks. A minimum bid size of 10 MW has been established to encourage diverse participation. To qualify, bidders—whether utilities, single entities, or consortiums—must meet specific financial criteria, including a minimum net worth of Rs 100 million. Additional net worth requirements scale with the project size, ranging from Rs 500 million for projects between 10 MW and 50 MW, up to Rs 5 billion for projects between 400 MW and 500 MW.
This strategic move is part of TPTCL’s broader efforts to stabilize renewable energy tariffs amid fluctuating coal and gas prices. The initiative aims to ensure competitive pricing for renewable energy while supporting India’s clean energy transition. Recently, TPTCL demonstrated its commitment to sustainable energy by signing a power purchase agreement to supply 10.8 MW of wind energy to Noida International Airport through group captive projects from Tata Power Renewable Energy.
By driving large-scale renewable energy procurement, TPTCL reaffirms its commitment to supporting India’s sustainable energy goals and ensuring reliable, eco-friendly energy for future needs.
