Tprel

Tata Power Renewable Energy Ltd (TPREL), an arm of Tata Power, has completed 100 per cent share purchase in Welspun Renewable Energy Pvt Ltd (WREPL) and its subsidiaries.

The proceeds will be used primarily to prepay existing high cost debt in TPREL, Tata Power said in a filing to BSE.

Tata Power Renewable Energy on Thursday announced that it has won two solar grid-connected photovoltaic projects of 50 MW capacity each in Karnataka.

Tata Power arm TPREL has signed a pact with Indo Rama Renewables Ltd (IRRL) to acquire its 100 per cent subsidiary IRRJL, which owns a 30 MW wind farm in Sangli District of Maharashtra.

The order is TPREL's fourth project with Inox Wind taking the cumulative orders placed with the energy solutions provider to over 300 MW, Inox Wind said in a statement today.

The order is TPREL's third project with Inox Wind after two previous orders of 172 MW. TPREL is a 100 per cent subsidiary of Tata Power and has 300 MW of commissioned renewable assets," Inox Wind said in a regulatory filing.

The project with an overall cost of Rs 250 crore is being funded through debt and equity. TPREL had tied up the entire debt requirement through IDFC Ltd in February this year. It received the first loan disbursement on February 28, 2014.

Tata Power Renewable Energy Ltd (TPREL), an arm of Tata Power, has completed 100 per cent share purchase in Welspun Renewable Energy Pvt Ltd (WREPL) and its subsidiaries.

The proceeds will be used primarily to prepay existing high cost debt in TPREL, Tata Power said in a filing to BSE.

Tata Power Renewable Energy on Thursday announced that it has won two solar grid-connected photovoltaic projects of 50 MW capacity each in Karnataka.

Tata Power arm TPREL has signed a pact with Indo Rama Renewables Ltd (IRRL) to acquire its 100 per cent subsidiary IRRJL, which owns a 30 MW wind farm in Sangli District of Maharashtra.

The order is TPREL's fourth project with Inox Wind taking the cumulative orders placed with the energy solutions provider to over 300 MW, Inox Wind said in a statement today.

The order is TPREL's third project with Inox Wind after two previous orders of 172 MW. TPREL is a 100 per cent subsidiary of Tata Power and has 300 MW of commissioned renewable assets," Inox Wind said in a regulatory filing.

The project with an overall cost of Rs 250 crore is being funded through debt and equity. TPREL had tied up the entire debt requirement through IDFC Ltd in February this year. It received the first loan disbursement on February 28, 2014.