Tata Power Renewable Energy has won a 30 MW solar grid connected photovoltaic project in Maharashtra. This move is in line with the Government set target of 100 gw from solar energy by 2017, he said. A unit of Tata Power, TPREL has received the Letter of Intent (LoI) to develop the project and will sign a 25-year power purchase agreement with NTPC Vidyut Vyapar Nigam. "The project has been awarded in the DCR (Domestic Content Requirement) category under the Jawaharlal Nehru National Solar Mission (JNNSM) Phase-II Batch-III tranche-I under 'State Specific Bundling Scheme'," Tata Power said in a statement. JNNSM, launched in January 2010, is a major initiative of the government that aims to establish India as a global leader in solar energy by creating favourable policy conditions for its diffusion across the country.

Source: dna June 21, 2016 08:26 UTC