RENEWABLE ENERGY

Tata Power Solar Wins Rs 1,200 Cr Order To Set Up 320 MW Project

Tata Power Solar on Saturday announced that it has bagged an order worth Rs 1,200 crore from state-run power giant NTPC for setting up of 320 MW ground mounted solar project.

Tata Power Solar, India’s largest integrated solar company and a wholly-owned subsidiary of Tata Power, has received a ‘Letter of Award (LoA)’ to build 320 MW of ground mounted Solar PV project for NTPC, a company statement said.

The order value of the project is approximately Rs 1,200 crore ( USD 162 million). The commercial operation date for this project is set for May 2022. With this addition, the order pipeline of Tata Power Solar stands at approximately 4 GWp with approximate value of Rs 12,000 crore.

The scope of work includes the land, acquisition, engineering, procurement, installation, and commissioning of the grid-connected solar project on a turnkey basis along with three years of operations and maintenance services for the solar plant, power evacuation system and telemetry up to the interconnecting state transmission utility (STU) substation.

Source
business world
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