Tata Power bags LoA from NTPC for solar PV projects worth Rs 686 crore

Tata Power Limited’s wholly-owned subsidiary, Tata Power Solar has received a letter of award (LoA) to build 210 MWp of solar PV projects for NTPC. The total order value of the projects is Rs 686 crore while its commissioning date has been set for November 2022. 

The scope of work includes land, transmission, engineering, procurement, installation, and commissioning of the solar projects. The project site of NTPC is located in Gujarat. 

With this addition, the order pipeline of Tata Power Solar stands at 2.8 GW with an approximate value of Rs 13,000 crore; thereby, cementing its position as India’s leading solar EPC player. Favourable government policies and increased environmental awareness have been the key growth drivers for the company. 

Over the years, Tata Power Solar has been India’s leading solar rooftop EPC player with compelling economics, especially for the commercial & industrial segment. So far, it has been successful in executing large projects such as the 250 MW Ayana at Ananthapur, 50 MW Kasargod (Kerala), 56 MW Greenko, 30 MWp Solar Power Plant in Lapanga (Odisha) and 105 MWp of floating solar at Kayamkulam (Kerala). 

It has a portfolio of more than 5.4 GW of ground-mount utility-scale, over 515 MW of rooftop and distributed generation projects along with the installation of over 36,000 pumps across the country to date. It also offers a diverse line of solar solutions for both urban & rural markets, which include rooftop solutions, solar pumps, and power packs among others. 

On Wednesday, the stock closed 3.15 per cent higher at Rs 108.05 from its previous close of Rs 104.75 on BSE.