ADVERTISEMENT

Tata Firm Gets Rs 596 Crore LoA For Floating Solar Project In Madhya Pradesh

Tata Power Solar Systems Ltd. has received a letter of award worth Rs 596 crore from NHDC to set up a 125 MWp floating solar project in Madhya Pradesh.

<div class="paragraphs"><p>Solar panels in a field. (Source: Unsplash)</p></div>
Solar panels in a field. (Source: Unsplash)

Tata Power Solar Systems Ltd. has received a letter of award worth Rs 596 crore from NHDC to set up a 125 MWp floating solar project in Madhya Pradesh.

NHDC is a joint venture of state-owned hydro power giant NHPC Ltd. and the Madhya Pradesh government, Tata Power Co. said in a statement on Wednesday.

NHDC had invited bids early this year for this project to be set up at the Omkareshwar reservoir in the Khandwa district of Madhya Pradesh.

The letter was awarded through tariff-based competitive bidding. The project will be commissioned within 13 months from the date of issuance of the letter of award and will provide sustainable power to MP Power Management Company.

With this win, the company’s total utility-scale solar project portfolio touches 9.8 GWp. As on date, Tata Power Solar's total order book stands at Rs 14,908 crore.

Tata Power Solar, a solar EPC company, is a wholly-owned subsidiary of Tata Power Renewable Energy Ltd.

Tata Power holds 93.94% stake in Tata Power Renewable.