Tata Power Solar Wins Rs 1,200-Crore Order To Set Up 320 MW Project
Tata Power Solar Systems Ltd. announced that it has bagged an order worth Rs 1,200 crore from state-run power giant NTPC Ltd. for setting up of 320 megawatt ground mounted solar project.
Tata Power Solar, India's largest integrated solar company and a wholly-owned subsidiary of Tata Power Co., has received a "Letter of Award" to build 320 MW of ground mounted Solar PV project for NTPC, a company statement said.
The order value of the project is approximately Rs 1,200 crore ($162 million). The commercial operation date for this project is set for May 2022.
With this addition, the order pipeline of Tata Power Solar stands at approximately 4 GW with approximate value of Rs 12,000 crore.
The scope of work includes the land, acquisition, engineering, procurement, installation, and commissioning of the grid-connected solar project on a turnkey basis along with three years of operations and maintenance services for the solar plant, power evacuation system and telemetry up to the interconnecting state transmission utility substation.
"Tata Power is in the forefront of producing green energy across the country. Such achievement demonstrates the trust and leadership of Tata Power's project management capability and execution skills in solar projects," said Chief Executive Officer and Managing Director Praveer Sinha.
Tata Power Solar has executed large projects such as the 150 MW Ayana at Ananthapur, 50 MW Kasargod at Kerala, 56 MW Greenko, 30 MW solar power plant in Lapanga, Odisha, 105 MW of floating solar project at Kayamkulam (under implementation).
It has also won an auction conducted by Gujarat for 400 MW of projects to be built at Dholera solar park.