Tata Power Solar, one of India's largest integrated solar companies and a wholly owned subsidiary of Tata Power, bagged an order of 300MW Solar project worth INR 1,731 crore, inclusive of tax from NHPC.
The project site, located in Rajasthan, will be developed under the CPSU scheme of IREDA. The project will be completed within 18 months' time period, aims to reduce around 6,36,960 carbon emissions, and is expected to generate approximately 750 million units annually. Cells and modules made in India would be used in the project installation.
Speaking on the win, Dr. Praveer Sinha, CEO & MD, Tata Power, said "We are honoured to have won this significant project from NHPC. It underlines the industry's confidence in our ability to develop and deliver world-class solar projects on time using state-of-the-art Indian technology."
Tata Power Solar has always been a pioneer in implementing and commissioning such large-scale solar and renewable projects. With this win, the company's pending order book reaches INR 13,500 crore and the total utility-scale solar project portfolio touches 9.7GWp.
About Tata Power Solar Systems Limited:
Tata Power Solar, with over 32 years of deep domain expertise is one of the pioneering solar manufacturers in the world and India's largest specialized EPC player. Founded in 1989, the company was originally formed as a joint venture between Tata Power and British Petroleum Solar (BP Solar). As a pioneer and market leader in the solar space, headquartered in Bangalore, Tata Power Solar now operates independently as a wholly-owned subsidiary of Tata Power. As one of the largest solar manufacturers in India, Tata Power Solar operates a world-class manufacturing unit in Bangalore, with a production capacity of 635MW of modules and 500 MW of cells. It has a portfolio of more than 9.7GWp of ground-mount utility-scale, over 1000MW of rooftop and distributed generation projects across the country & installed over 67000 Solar Water Pumps in India to date. It also offers a diverse line of solar solutions for both urban and rural markets – these include rooftop solutions, solar pumps, and power packs among others. Tata Power Solar is committed to enabling solar everywhere and aims to provide energy access to millions of people across the country via its integrated solar solutions. For more information, visit: www.tatapowersolar.com
About Tata Power:
Tata Power (NSE: TATAPOWER; BSE:500400) is one of India's largest integrated power companies and together with its subsidiaries and jointly controlled entities, has an installed/managed capacity of 13,635 MW. The Company has a presence across the entire power value chain - generation of renewable as well as conventional power including hydro and thermal energy, transmission & distribution, coal & freight, logistics, and trading.
The Company had developed the country's first Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology. With 4.8 GW of clean energy generation from solar, wind, hydro, and waste heat recovery accounting for 35% of the overall portfolio, the company is a leader in clean energy generation. It has successful public-private partnerships in generation, transmission & distribution in India viz: Powerlinks Transmission Ltd. with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi, Maithon Power Ltd. with Damodar Valley Corporation for a 1,050 MW Mega Power Project at Jharkhand.
Tata Power is currently serving more than 12 million consumers via its Discoms, under a public-private partnership model viz Tata Power Delhi Distribution Ltd. with the Government of Delhi in North Delhi, TP Northern Odisha Distribution Limited, TP Central Odisha Distribution Limited, TP Western Odisha Distribution Limited, and TP Southern Odisha Distribution Limited with Government of Odisha. With a focus on sustainable and clean energy development, Tata Power is steering the transformation into an integrated solutions provider by looking at new business growth in distributed generation through rooftop solar and microgrids, storage solutions, EV charging infrastructure, ESCO, home automation & smart meters et al.
With its 107 years track record of technology advancements, project execution excellence, world-class safety processes, customer care, and green initiatives, Tata Power is well poised for multi-fold growth and is committed to lighting up lives for generations to come. For more information visit us at: www.tatapower.com
