Tata Power Solar bags NTPC contract for Rs 1,730 crore

Tata Power Solar will build the 300 MW CPSU-II for NTPC at an all-inclusive price of Rs 1,730.16 crore (US$ 247.55 million).

The Commercial Operation Date (COD) for this grid-connected solar photovoltaic project is set for September 2021 (18 months). Thus, the order book of Tata Power Solar stands at approximately Rs 8541 crore (US$ 1.22 billion), including external and internal orders.

“It is projects like these which demonstrate the trust in Tata Power’s project management and execution skills. This order is a motivation for us to continue focusing on delivering the best to our customers, as per their expectations,” said Mr Praveer Sinha, CEO & MD, Tata Power.

Mr Ashish Khanna, MD & CEO, Tata Power Solar and President, Tata Power (Renewables), said, “Tata Power Solar is proud to consistently win large and challenging grid-based solar EPC contracts from industry-leading public sector undertaking like NTPC. This being a DCR project, we will be building the project with our own cells and modules.”

Tata Power Solar received a Letter of Award to develop a 105MWp Floating Solar Project worth around Rs 343 crore (US$ 49.08 million) including three years O&M in September 2019. This project is considered as one of the most important floating solar projects in the country. This venture is executed on the reservoir of NTPC Kayamkulam District in Alappuzha, Kerala and is to be commissioned no later than 21 months.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.