Tata Power Solar Adds 210MWp NTPC Award To EPC Portfolio

Jun 3, 2021 12:53 PM ET
  • Tata Power Solar, India's largest incorporated solar firm as well as a wholly-owned subsidiary of Tata Power, has actually gotten "Letter of Award" (LoA) to build 210 MWp of Solar PV projects for NTPC. The overall order value of the projects is around Rs 686 crore. The commissioning date has been established for November, 2022.

With this enhancement, the order pipe of Tata Power Solar's EPC book stands at roughly 2.8 GW with an approximate worth of Rs 13,000 crore, thereby sealing its setting as India's leading Solar EPC gamer. The company has had regular success winning NTPC agreements, on the back of its scale and also experience.

The range of work consists of land, transmission, design, purchase, installation as well as appointing of the solar projects. The NTPC project site is located in Gujarat.

Talking on the achievement, Dr. Praveer Sinha, CEO & MD, Tata Power claimed, "We are pleased to reveal the new win of this large solar EPC agreement from NTPC. Tata Power Solar is the leader in creating solar power across the nation and also this more validates Tata Power Solar's outstanding implementation abilities in solar projects."

Tata Power Solar has actually been and also early participant in the solar market, and also is the leading roof EPC player also.

The firm has a strong performance history of implementing big projects such as the 250 MW Ayana at Ananthapur, 50 MW Kasargod at Kerala, 56 MW Greenko, 30 MWp Solar Power Plant in Lapanga, Odisha and 105 MWp of Floating solar at Kayamkulam.

The firm has accumulated the largest roof solar presence in the nation among EPC's, as well as is most likely among minority really national players, in a market controlled by local players. With its own cell and component production facilities in place, Tata Power Solar has actually additionally introduced growth plans in manufacturing. That should supply it with higher flexibility in sourcing along with control, at once when the market has actually been even more unpredictable than typical.

With a solid visibility throughout generation, circulation, production and also EPC, the firm has actually been just one of the biggest success stories from the legacy power firms in the country. The firm targets 80 percent tidy energy capability by 2030. As a generator, it has actually set itself a target of 2 GW of solar annually, to take its portfolio size to 15 GW by 2025, and 25 GW by 2030. In 2021, the company has actually additionally initiated its participation in the Water Disclosure Campaign of CDP, one of the few power firms to do so from India.