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.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

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.