Tata Power Solar Systems, a wholly-owned subsidiary of Tata Power, has received Letter of Award (LoA) for 250 MW solar project under the CPSU scheme. The company has secured the order from NTPC.
The total value of the order is Rs 1,505 crore with a completion period of 20 months. With this order, the order book of Tata Power Solar Systems stands at around Rs 7,600 crore, including external and internal orders.
The order secured by Tata Power Solar is the biggest single order from a third party. Under the CPSU scheme, only domestically manufactured cells and modules will be used for the project.
The company had also received a LoA from NTPC to develop 105 MW floating solar project in Kayamkulam, Kerala, in November 2019. The project worth Rs 343 crore is to be commissioned in 21 months, including three years of operations and maintenance (O&M).