Tata Power Solar Systems receives Rs.596 Cr LoA to set up 125 MWp floating solar project for NHDC

Biznextindia : Leading solar EPC company Tata Power Solar Systems Limited (TPSSL), a subsidiary of Tata Power Renewable Energy Limited (TPREL), has received the ‘Letter of Award’ (LoA) of ₹ 596 crore for setting up a 125 MWp floating solar project from NHDC Limited (NHDC). NHDC, had invited bids early this year for this project at the Omkareshwar reservoir in the Khandwa district of Madhya Pradesh.

It will be one of the India’s largest floating solar power projects. Tata Power holds 93.94% stake in TPREL. NHDC is a joint venture of NHPC Limited and Government of Madhya Pradesh. The LoA was awarded through tariff-based competitive bidding. The project will be commissioned within 13 months from the date of letter of award and will provide sustainable power to M.P. Power Management Company Limited.

Mr. Ashish Khanna, CEO, Tata Power Renewable Energy Limited 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.” TPSSL has always been at the forefront, when it comes to the implementation and commissioning of such large-scale solar and renewable projects. With this win, the company’s total utility-scale solar project portfolio touches 9.8 GWp. As on date, TPSSL’s total order book stands at ₹ 14,908 crore.