Tata Power Solar Adds 210MWp NTPC Award To EPC Portfolio

Tata Power RE Subsidiary Gets LoA for 966 MW RTC Hybrid Renewable Power Project

Tata Power Solar, India’s largest integrated solar company and a wholly-owned subsidiary of Tata Power, has received “Letter of Award” (LoA) to build 210 MWp of Solar PV projects for NTPC. The total order value of the projects is approximately Rs 686 crore. The commissioning date has been set for November, 2022.

With this addition, the order pipeline of Tata Power Solar’s EPC book stands at approximately 2.8 GW with an approximate value of Rs 13,000 crore, thereby cementing its position as India’s leading Solar EPC player. The firm has had regular success winning NTPC contracts, on the back of its scale and experience.

The scope of work includes land, transmission, engineering, procurement, installation and commissioning of the solar projects. The NTPC project site is located in Gujarat.

Speaking on the achievement, Dr. Praveer Sinha, CEO & MD, Tata Power said, “We are pleased to announce the new win of this large solar EPC contract from NTPC. Tata Power Solar is the leader in producing solar energy across the country and this further validates Tata Power Solar’s excellent execution skills in solar projects.”

Tata Power Solar has been and early entrant in the solar market, and is the leading rooftop EPC player too.

The firm has a solid track record of executing large projects such as the 250 MW Ayana at Ananthapur, 50 MW Kasargod at Kerala, 56 MW Greenko, 30 MWp Solar Power Plant in Lapanga, Odisha and 105 MWp of Floating solar at Kayamkulam.

The firm has built up the largest rooftop solar presence in the country among EPC’s, and is probably one of the few truly national players, in a market dominated by regional players. With its own cell and module manufacturing facilities in place, Tata Power Solar has also announced expansion plans in manufacturing. That should provide it with greater flexibility in sourcing as well as control, at a time when the market has been more volatile than usual.

With a strong presence across generation, distribution, manufacturing and EPC, the firm has been one of the biggest success stories from the legacy power firms in the country. The firm targets 80 percent  clean energy capacity by 2030.  As a generator, it has set itself a target of  2 GW of solar each year, to take its portfolio size to 15 GW by 2025, and 25 GW by 2030. In 2021, the firm has also initiated its participation in the Water Disclosure Campaign of CDP, one of the few power firms to do so from India.