New Delhi: Tata Power Solar, one of India's largest integrated solar companies and a wholly-owned subsidiary of Tata Power, bagged an order of a 300 MW solar project worth INR 1,731 crore, inclusive of tax from NHPC Limited.
The project site, located in Rajasthan, will be developed under the CPSU scheme of Indian Renewable Energy Development Agency Limited (IREDA). The project will be completed within 18 months' time period, aims to reduce around 6, 36,960 carbon emissions, and is expected to generate approximately 750 million units annually. Cells and modules made in India would be used in the project installation.
Speaking on the win, Tata Power's CEO&MD Dr Praveer Sinha said "We are honoured to have won this significant project from NHPC. It underlines the industry's confidence in our ability to develop and deliver world-class solar projects on time using state-of-the-art Indian technology"
Tata Power Solar has always been a pioneer in implementing and commissioning such large-scale solar and renewable projects. With this win, the company's pending order book reaches Rs 13,500 crore and the total utility-scale solar project portfolio touches 9.7GWp.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)