Last Updated : Tuesday, April 7, 2020 19:39:31

TATA POWER bags 17.3 bln rupees 300 MW Solar Project work from NTPC

MUMBAI / RAJKOT – In a regulatory updates as submitted to the Indian Stock Exchanges, Mumbai headquartered Indian Diversified Conglomerate – Tata Group’s power arm Tata Power Company Ltd said of its subsidiary Tata Power Solar Systems Ltd having bagged 17.3 billion (~1,730.16 crore) rupees 300 MW solar power project from NTPC Ltd.

In a press-release titled, “Tata Power Solar receives the Letter of Award for CPSU-II from NTPC for 300 MW project”, as enclosed and attached with the regulatory filing as submitted by the company to the Indian Bourses, it further read that, Tata Power Solar Systems Limited (Tata Power Solar), India’s largest integrated solar company and a wholly-owned subsidiary of Tata Power, post reverse auction held on February 21, has received the Letter of Award to build the 300 MW CPSU-II for NTPC at an all inclusive price of ₹ 1,730.16 crore.

The Commercial Operation Date (COD) for this grid-connected solar photovoltaic project is set for September 2021 (18 months).

With this order, the order book of Tata Power Solar stands at approximately ₹ 8,541 crore including external and internal orders.

In September 2019, post reverse auction, Tata Power Solar had received a Letter of Award to develop a 105MWp Floating Solar Project worth approx. ₹ 343 crore including 3 years O&M.

This project is one of the most prominent 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.

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