Tata Power Solar, India’s largest integrated solar company and a wholly-owned subsidiary of Tata Power, has received a “Letter of Award” (LoA) to build 320MW of ground-mounted Solar PV project for NTPC.
The order value of the project is approx. ÌNR 1200 crores (US$164 Million). The Commercial operation date for this project is set for May 2022.
With this addition, the order pipeline of Tata Power Solar stands at approximately 4GWp with approx. value of INR 12000 Crores (USD1.64 billion).
The scope of work includes the land, acquisition, engineering, procurement, installation, and commissioning of the grid-connected solar project on a turnkey basis along with three years of operations & maintenance services for the solar plant, power evacuation system and telemetry up to the interconnecting state transmission utility (STU) substation.
Mr. Praveer Sinha, CEO & MD, Tata Power said, “Tata Power is in the forefront of producing green energy across the country. Such achievement demonstrates the trust and leadership of Tata Power’s project management capability and execution skills in solar projects.”
EDEN Renewables India (“EDEN”) an equally owned joint venture of Total Eren and EDF Renouvelables, dedicated to large-scale Indian solar photovoltaic (PV) projects, has successfully secured Financial Close for its 450 MWp SECI III solar PV project, with a group of three major international banks.
Read moreEnel Green Power (EGP), through its subsidiary EGP India, has been awarded the right to sign a 25-year energy supply contract for a 420 MW solar project in India, which will be located in the State of Rajasthan and will be EGP´s first solar plant in the country. The project was awarded under the 2 GW Ninth Tranche of the national solar tender issued by the government company Solar Energy Corporation of India Limited (SECI).
Read moreAdani Green Energy Limited (AGEL) has won the first of its kind manufacturing linked solar agreement from the Solar Energy Corporation of India (SECI). As a part of the award, AGEL will build 8 GW of solar projects across India along with a commitment that will see Adani Solar establish 2 GW of additional solar cell and module manufacturing capacity.
KKR and Shapoorji Pallonji Infrastructure Capital (SP Infra) have signed definitive agreements under which KKR will acquire five solar energy assets from SP Infra for a total consideration of INR15.54 billion (approximately US$204 million).
Read moreThe Government of India has extended the deadline of all renewable energy projects currently under development because of the lockdown brought by COVID-19 pandemic.
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