Tata Energy Sun Energy: Tata Energy arm wins Rs 596 crore award from NHDC for solar energy undertaking

Tata Energy Sun Methods, a subsidiary of Tata Energy Renewable Power (TPREL), has gained a Rs 596 crore award letter for a 125 MW floating sun undertaking from NHDC, the corporate mentioned in a remark on Wednesday.

Tata Energy owns 93.94% of TPREL and NHDC is a three way partnership between NHPC Restricted and the Govt of Madhya Pradesh.

Previous this 12 months, NHDC introduced a young for this undertaking on the Omkareshwar reservoir within the Khandwa district of Madhya Pradesh. This undertaking is ready to be probably the most biggest floating sun initiatives within the nation.

LoA was once awarded at the foundation of tariff aggressive bidding. The undertaking can be commissioned inside of 13 months from the date of the contract award letter and can supply sustainable energy for MP Energy Control Corporate Restricted, the corporate mentioned.

With this victory, the corporate’s general portfolio of initiatives within the box of solar power reaches 9.8 GW. To this point, TPSSL’s general order guide stands at Rs 14,908 crore.

“That is a very powerful undertaking for Tata Energy Sun and we’re commemorated to spouse with NHDC. This partnership will spotlight the range of our paintings and undertaking implementation to advance inexperienced power throughout all sectors. Floating sun initiatives are a sport changer within the renewable power trade,” Ashish Khanna, CEO of Tata Energy Renewable Power Restricted.

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