POWER

Tata Power Solar Bags Rs 1,505 Crore Project From NTPC Under CPSU Scheme

Tata Power Solar Systems Ltd has received a letter of award from NTPC for a 250 megawatt solar project under the central public sector undertakings (CPSU) scheme.

The scheme aims to set up 12,000 MW of solar capacity by government companies by financial year 2022-23. The Cabinet has already sanctioned a viability gap funding support of Rs 8,580 crore towards the scheme capped at Rs 70 lakh per MW. “This is a prestigious project for us and we are thankful to NTPC for reinforcing their confidence in our capabilities,” said Ashish Khanna, President (Renewables) at Tata Power.

“It consolidates our commitment towards ‘Make in India’ and underscores our competitive and quality offering as a leading engineering, procurement and construction player in the country,” he said in a statement.

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Business World
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