Tata Power to set up 125MWp floating solar power project in MP for NHDC

TAGS

Tata Power Solar Systems Limited (TPSSL), a subsidiary of Limited (TPREL), has been issued the letter of award (LoA) of INR 596 crores for installing a 125MWp floating solar power project in Madhya Pradesh (MP) from NHDC Limited.

A joint venture of NHPC Limited and the Madhya Pradesh government, NHDC had called for bids earlier this year for the Madhya Pradesh floating solar power plant at the Omkareshwar reservoir in the Khandwa district. It will be among the largest floating solar power projects in , said Tata Power, which has a stake of 93.94% in TPREL.

See also  ONGC Videsh signs MoU with Argentine oil and gas company YPF S.A.

Tata Power said that the LoA was won via tariff-based competitive bidding.

Tata Power to set up 125MWp floating solar power project in MP for NHDC

Tata Power to set up 125MWp floating solar power project in MP for NHDC. Photo courtesy of Ameyajkamat/Wikimedia Commons.

The Tata Group company revealed that the floating solar power project in Madhya Pradesh is targeted to be commissioned within 13 months from the date of LoA.

See also  Kuldeep Yadav's five-wicket haul decimates Pakistan in Asia Cup Super 4 match

Once online, the floating solar power plant will supply clean power to M.P. Power Management Company Limited.

— Tata Power Renewable Energy Limited CEO 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.

See also  Mitsubishi Electric expands renewable energy portfolio with HD Renewable Energy joint venture

“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.”

Earlier this month, Tata Power Renewable Energy Limited won a contract to install a 100MW captive solar power plant in Nasik for Viraj Profile Private Limited.


Discover more from Business-News-Today.com

Subscribe to get the latest posts sent to your email.

CATEGORIES
TAGS
Share This