Medilytix Bureau: Tata Power Solar Systems, a subsidiary of Tata Power Renewable Energy (TPREL), bagged a letter of award of Rs 596 crore to set up a 125 MWp floating solar project from NHDC, the company said in a statement on Wednesday.
Tata Power holds a 93.94% stake in TPREL, while NHDC is a joint venture of NHPC Limited and the Government of Madhya Pradesh.
NHDC had invited bids earlier this year for this project at the Omkareshwar reservoir in the Khandwa district of Madhya Pradesh. This project is set to be among the largest floating solar power projects in the country.
The LoA was awarded through tariff-based competitive bidding. The project will be commissioned within 13 months from the date of the letter of award and will provide sustainable power to M.P. Power Management Company Limited, the company said. With this win, the company’s total utility-scale solar project portfolio touches 9.8 GWp. As on date, TPSSL’s total order book stands at Rs 14,908 crore.
“This is a significant project for Tata Power Solar and we are honoured to collaborate with NHDC. This partnership will highlight our working and project execution diversity to promote green energy across sectors. “Floating solar projects are the game changer for the renewable industry,” Ashish Khanna, CEO of Tata Power Renewable Energy Limited, said.
“This is a significant project for Tata Power Solar and we are honoured to collaborate with NHDC. This partnership will highlight our working and project execution diversity to promote green energy across sectors. “Floating solar projects are the game changer for the renewable industry,” Ashish Khanna, CEO of Tata Power Renewable Energy Limited, said.