Tata Power Bags 300 MW Solar Power Project Worth Rs 1,731 Crore From NHPC, To Use 'Made In India' Cells And Modules

Tata Power Solar, a wholly owned subsidiary of Tata Power, bagged an order of 300MW Solar project worth Rs 1,731 crore, inclusive of tax from NHPC, the company said in a release on Monday (16 May).

The project site, located in Rajasthan, will be developed under the Central Public Sector Undertaking (CPSU) scheme of Indian Renewable Energy Development Agency (IREDA).

The project will be completed within 18 months' time period, and aims to reduce around 6,36,960 carbon emissions. The project is expected to generate approximately 750 million units power annually.

Cells and modules made in India would be used in the project installation, the company 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," said Dr Praveer Sinha, CEO & MD, Tata Power.

With this win, the company's pending order book reaches Rs 13,500 crore and the total utility-scale solar project portfolio touches 9.7GWp, the company said.