Tata Power Company has announced that a fully owned subsidiary of Tata Power, Tata Power Renewable Energy Ltd (TPREL) has acquired the renewable energy (RE) subsidiary of Delhi-based Welspun Renewables Energy Pvt Ltd (WREPL). It is estimated to be a Rs 9,900-crore ( rs 10,000 Cr.) deal. This represents the largest transaction in renewables space in India till now.
WREPL has one of the largest operating solar portfolios in India spread across ten states. It has about 1,140 megawatts (MW) of renewable power projects comprising about 990 MW solar power projects and about 150 MW of wind power projects. While TPREL currently operates 294 MW of renewable power capacity and 500 MW of renewable assets are being carved out of Tata Power into TPREL through a court process. In addition, almost 400 MW of solar and wind power projects are under implementation. Thus, TPREL with all these assets would have renewable assets portfolio of about 2,300 MW making it the largest renewable power company in India.
So let’s discuss some questions related to this post:
1. Name the company which has acquired by Tata Power’s fully owned subsidiary TPREL?
2. Where is the headquarter of WREPL and also expand the term TPREL and WREPL?
Courtesy: Times Of India