Tata Power Solar Systems Ltd, a wholly-owned subsidiary of Tata Power Renewable Energy Ltd, has received the letter of award of setting up a floating solar project for NHDC Ltd.
The Rs.596-crore contract entails building of a 125 MWp floating solar power project at the Omkareshwar reservoir in the Khandwa district of Madhya Pradesh.
The floating solar power project is learnt to be among the largest such in the country, a release from Tata Power said.
The letter of award was given to TPSSL through the tariff-based competitive bidding process that was initiated earlier this year.
The project will be commissioned within 13 months from the date of letter of award and will provide sustainable power to Madhya Pradesh Power Management Company Ltd.
Speaking on the win, Ashish Khanna, CEO, Tata Power Renewable Energy Ltd 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. This project is a true reflection of our ability to pioneer world-class solar projects within a short period of time.”
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With this win, the total utility-scale solar project portfolio of TPSSL has reached 9.8 GWp. As on date, the company’s total order book stands at Rs.14,908 crore. It may be mentioned that Tata Power holds 93.94 per cent stake in TPREL, while NHDC is a joint venture of NHPC Ltd and Government of Madhya Pradesh.
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