Tata Power Solar, the solar energy subsidiary of Tata Power, one of India’s largest integrated power company, said on May 16 that it has received a 300-megawatt solar energy project worth Rs 1,731 crore from state-owned NHPC.
Located in Rajasthan, the project will be built under the IREDA's CPSU scheme. The project is expected to be finished in 18 months and will reduce around 6,36,960 carbon emissions while producing approximately 750 million units yearly, according to a company statement. The project will be installed with Indian-made cells and modules.
"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," said Praveer Sinha, CEO and MD of Tata Power.
The company states that its pending order book now stands at INR 13,500 crore, and its utility-scale solar project portfolio has grown to 9.7GWp.
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