Tata Power Invites Bids for 500 MW Renewable Energy Supply

Tata Power Trading Company (TPTCL) has issued an expression of interest (EoI) for the procurement of up to 500 MW of renewable energy (solar, wind, hybrid, hydro) or green attributes for a period of up to 25 years. The last date to submit bids is January 31, 2025. The bidder’s scope of work includes off-taking power/green attributes generated from renewable energy projects. The minimum quantum is 10 MW, and the contract period is 25 years. The bidder’s net worth should be at least ₹100 million (~$1.16 million), with varying requirements depending on the power requirement. TPTCL aims to provide end buyers with a firm generation tariff from renewable energy sources for up to 25 years, due to the uncertainty associated with coal and gas prices. This tender is an opportunity for companies to secure long-term renewable energy contracts and reduce their carbon footprint.