Tata Power Solar Systems receives LoA for 300 MW CPSU-II for NTPC for Rs 1730.16 cr
Capital MarketTata Power Solar Systems, the wholly owned subsidiary of Tata Power, post reverse auction held on 21 February 2020 has received the Letter of Award to build the 300 MW CPSU-II for NTPC at an all-inclusive price of Rs 1,730.16 crore. The Commercial Operation Date (COD) for this grid-connected solar photovoltaic project is set for September 2021 (18 months). With this order, the order book of Tata Power Solar stands at approximately Rs 8,541 crore including external and internal orders.
In September 2019, post reverse auction, Tata Power Solar had received a Letter of Award to develop a 105MWp Floating Solar Project worth approx. Rs 343 crore including 3 years O&M. This project is one of the most prominent floating solar projects in the country. This venture is executed on the reservoir of NTPC Kayamkulam District in Alappuzha, Kerala and is to be commissioned no later than 21 months.
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