Tata Power Company Ltd signed a Power Purchase Agreement

subsidiary, Tata Power Renewable Energy Ltd (TPREL), signed a Power Purchase Agreement (PPA) with Tata Power Mumbai Distribution (TPC-D) for an 80 MW Firm and Dispatchable Renewable Energy (FDRE) project, integrating solar, wind, and battery storage for reliable peak-hour supply. This related-party transaction, at arm's length, involves a capex of approximately ₹1,200 crore and is expected to be completed in 24 months, generating 315 million units annually while cutting CO₂ emissions by over 0.25 million tons, aiding Mumbai's 8 lakh+ customers in meeting Renewable Purchase Obligations (RPO).