New Delhi, Oct 2 (PTI) Tata Power Renewable Energy Ltd (TPREL) has signed a power purchase agreement with Tata Power Mumbai Distribution to set up an 80 MW FDRE project at Rs 1,200 crore.

An FDRE (Firm and Dispatchable Renewable Energy) project integrates advanced solar, wind and battery storage systems to enable reliable energy dispatch during peak demand, thereby strengthening grid stability.

The time period for project execution is 24 months, Tata Power, the parent company of TPREL, said in an exchange filing.

On the broad size of the order, the company said the capex is about Rs 1,200 crore.

In a separate statement, Tata Power said the project is expected to generate approximately 315 million units (MUs) of electricity annually, mitigating over 0.25 million tons of carbon dioxide e

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