Tata Power Solar wins Rs 1,200 cr order from NTPC to set up 320 MW project




Solar on Saturday announced that it has bagged an order worth Rs 1,200 crore from state-run power giant NTPC for setting up of 320 MW ground mounted solar project.


Solar, India’s largest integrated solar company and a wholly-owned subsidiary of Tata Power, has received a “Letter of Award (LoA)” 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 ( USD 162 million). The commercial operation date for this project is set for May 2022.


With this addition, the order pipeline of Solar stands at approximately 4 GWp 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 (STU) substation.


Speaking on the achievement, Praveer Sinha, CEO and MD, Tata Power, said in the statement, 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.”

Tata Power Solar comes with a successful background of executing large projects such as the 150 MW Ayana at Ananthapur, 50 MW Kasargod at Kerala, 56 MW Greenko, 30 MWp plant in Lapanga, Odisha, 105 MWp 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.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *