Tata Power unit bags 125MWp floating solar project

It will be commissioned within 13 months.

Tata Power Renewable Energy (TPREL) subsidiary, Tata Power Solar Systems, has received the “Letter of Award” (LoA) of INR5.96b from NHDC Limited to set up a 125 megawatt-peak floating solar project in Madhya Pradesh.

In a statement, Tata Power said the LoA was given through tariff-based competitive bidding which called for bids early this year.

The project located at the Omkareshwar reservoir in the Khandwa district will be commissioned within 13 months from the date of the award. The power to be generated from the project will be supplied to M.P. Power Management Company Limited.

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"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,” said TPREL CEO Ashish Khanna.

Tata Power has a 93.94% stake in TPREL, whilst NHDC is a joint venture between NHPC Limited and the Government of Madhya Pradesh.