Tata Power Solar Systems secures LoA to develop floating solar project in India

WCN Editorial Team 15 Sep 2022 ASIA ENERGY & UTILITIES

Tata Power Solar Systems Limited (TPSSL) has received a letter of award (LoA) of $74.91m (Rs5.96bn) from NHDC Limited (NHDC) to develop a 125MWp floating solar project in India.

Earlier this year, NHDC had invited bids for the development of this project.

This project will be developed at the Omkareshwar reservoir in the Indian state of Madhya Pradesh.

It is expected to become one of the country’s largest floating solar power projects.

TPSSL is a solar EPC company and a completely owned subsidiary of Tata Power Renewable Energy Limited (TPREL).

Tata Power has 93.94% interest in TPREL.

NHDC is a joint venture of NHPC Limited and Madhya Pradesh government.

The LoA was secured by TPSSL via tariff-based competitive bidding.

Commissioning of the project is expected in 13 months from the date of LoA. It will offer sustainable energy to M. P. Power Management Company Limited.

TPREL CEO Ashish Khanna 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."

With this award, TPSSL’s total utility-scale solar project portfolio has reached 9.8GWp.
Image: It is expected to become one of the country’s largest floating solar power projects. Credit: PublicDomainPictures from Pixabay.

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