Tata Power Solar, an 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 Rs.1730.16 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 Rs. 8541 crore including external and internal orders, a release from Tata Power said.
“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,” according to Praveer Sinha, CEO & MD, Tata Power.
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.”
It may be recalled that in September 2019, post reverse auction, Tata Power Solar received the Letter of Award to develop a 105MWp floating solar project worth around Rs.343 crores 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.
(Featured photograph, for illustration only, shows a ground-mounted solar PV plant of Tata Power Solar, in Chennai.)