IBEF: January 14, 2020
Tata Power Solar Systems Ltd intends to develop a 250MW solar project for National Thermal Power Corporation Limited (NTPC). This project will be developed under the Centre's Central Public Sector Undertaking (CPSU) scheme that requires using domestically manufactured cells and modules for the project.
"The total value of the order is Rs 1,505 crore (US$ 215.34 million) and the completion period is 20 months. With this order, the order book of Tata Power Solar stands at approximately Rs 7,600 crore (US$ 1.09 billion), including external and internal orders," a company statement said.
NTPC has given a Letter of Award (LOA) to Tata Power Solar Systems for the project. "It is Tata Power Solar's single biggest order from a third party," said Mr Praveer Sinha, CEO & MD, Tata Power.
For the project, under the scheme only domestically manufactured cells and modules woauld be used.
Previously in November 2019, Tata Power Solar also received a Letter of Award from NTPC for developing a 105 MW floating solar project in Kayamkulam, Kerala. The project is estimated to be worth of Rs 343 crore (US$ 49.08 million) and is scheduled to be commissioned in less than 21 months, including a three-year O&M component.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.