Tata Power's Renewable Arm Wins 300 MW Solar Project from NTPC
- Tata Power Solar, the eco-friendly arm of utility large Tata Power, has actually obtained a Letter of Award (LoA) from NTPC to establish 300 MW grid-connected solar project under CPSU Scheme Phase-II.
Bangalore-headquartered Tata Power Solar has actually won this solar photovoltaic (PV) project under the reverse bidding process public auction kept in February at an all-encompassing cost of Rs 1,730.16 crore.
Discussing winning the project, Praveer Sinha, CEO & MD of Tata Power, claimed that "it is projects like these which show the rely on Tata Power's project administration and also implementation abilities. This order is an inspiration for us to proceed concentrating on providing the very best to our clients, according to their assumptions."
Moreover, the stated project anticipated is anticipated to be appointed while structure of 18 months by September 2021.
Post this project win, the order publication of India's biggest incorporated power firm currently stood at around Rs 8,541 crore consisting of both interior as well as exterior orders.
"Tata Power Solar is proud to continually win difficult and also big grid-based solar EPC agreements from industry-leading public market task like NTPC. This being a DCR project, we will certainly be constructing the project with our very own cells and also components," commented Ashish Khanna, MD & CEO of Tata Power Solar as well as President of Tata Power (Renewables).
In September in 2015, the business had actually gotten LoA to create a 105 MWp floating solar project in Kerala.
It had actually won this project under the reverse bidding process public auction at a rate of Rs 343 crore consisting of 3 years of procedures & upkeep (O&M). Additionally, the project is among one of the most noticeable floating solar projects in India.
In addition, the endeavor is performed on the tank of NTPC Kayamkulam District Alappuzha, Kerala and also is to be appointed within 21 months.