NTPC 320 MW Project Awarded To Tata Power Solar

NTPC 320 MW Project Awarded To Tata Power Solar

Tata Power Solar on Saturday (January 23) announced that it has bagged an order worth ₹1,200 crore from national generator NTPC for setting up of a 320 MW ground-mounted solar project.

For Tata Power Solar, India’s largest integrated solar company and a wholly-owned subsidiary of Tata Power, the win is a boost to its project pipeline, now stands at over 4 GW, worth over ₹12,000 crore. The commercial operation date for this project is set for May 2022. The scope of work includes the land, acquisition, engineering, procurement, installation, and commissioning of the grid-connected solar project on a turnkey basis along with three years of operations and maintenance services for the solar plant, power evacuation system and telemetry up to the interconnecting state transmission utility (STU) substation. The win, coming as it does for an NTPC project is also a testimony to the firm’s cost competitiveness in the space, as NTPC has deep experience of the domain now.

Speaking on the achievement, Praveer Sinha, CEO and MD, Tata Power, said in the statement, “Tata Power is at the forefront of producing green energy across the country. Such achievement demonstrates the trust and leadership of Tata Power’s project management capability and execution skills in solar projects. “Tata Power Solar comes with a successful background of executing large projects such as the 150 MW Ayana at Ananthapur, 50 MW Kasargod at Kerala, 56 MW Greenko, 30 MWp solar power plant in Lapanga, Odisha, 105 MWp of floating solar project at Kayamkulam (under implementation). It has also won an auction conducted by Gujarat for 400 MW of projects to be built at Dholera solar Park.

Tata power has made a decisive shift to renewables over the past couple of years, starting with its announcement to stop building any further thermal plants. That has been followed by the strong thrust on renewable capacity creation, especially solar. And other moves to derisk and leverage that portfolio, by setting up an InvIT trust, for instance, expected to start soon, that will hep it raise funding at a lower cost.

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