New Delhi: Tata Power on Wednesday announced that its wholly-owned subsidiary Tata Power Solar Systems Limited has received a letter of award (LoA) to build 210 MWp of solar PV projects for NTPC Limited. The total order value of the engineering, procurement and construction (EPC) projects is approximately Rs 686 crore. The commissioning date for NTPC is set for November 2022. This information has been shared by TATA Power in regulatory filings to the stock exchange on Wednesday.
With this addition, the order pipeline of Tata Power Solar stands at approximately 2.8 GW with an approximate value of INR 13,000 crore, thereby cementing its position as India’s leading solar EPC player.
The scope of work includes land, transmission, engineering, procurement, installation and commissioning of the solar projects. The NTPC project site is located in Gujarat.
Speaking on the achievement, Tata Power's Managing Director & CEO Dr Praveer Sinha said, “We are pleased to announce the new win of this large solar EPC contract from NTPC. Tata Power Solar is the leader in producing solar energy across the country and this further validates Tata Power Solar’s excellent execution skills in solar projects.”
“Over the years, Tata Power Solar has been India’s leading solar rooftop EPC player with compelling economics, especially for the commercial and industrial segment. Favourable government policies and increased environmental awareness have been the key growth drivers. Tata Power Solar comes with a successful background of executing large 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,” it added.
(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.)