Tata Power Solar Systems Limited (TPSSL), a subsidiary of Tata Power Renewable Energy 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 India, said Tata Power, which has a stake of 93.94% in TPREL.

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

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.

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

Ashish Khanna — 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.

“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.

  Ashish Khanna, India, Madhya Pradesh, Solar industry news, Tata Group, Tata Power, Tata Power Renewable Energy, Tata Power Renewable Energy Limited, Tata Power Solar, Tata Power Solar Systems