Indian energy firm Tata Power Solar, a wholly-owned subsidiary of Tata Power, has secured a 300MW solar project worth Rs17.3bn ($222m) from the state-owned National Hydroelectric Power Corporation (NHPC).
Tata Power Solar will develop the project in the Indian state of Rajasthan under the Indian Renewable Energy Development Agency’s (IREDA) Central Public Sector Undertaking (CPSU) scheme.
The project will be completed within a period of 18 months and will feature solar cells and modules produced in India.
Once completed, the solar facility will have the capacity to generate around 750 million units of electricity and offset around 636,960 carbon emissions a year.
Tata Power managing director and CEO Dr Praveer Sinha said: “We are honoured to have won this significant project from NHPC.
“It underlines the industry’s confidence in our ability to develop and deliver world-class solar projects on time using state-of-the-art Indian technology.”
The order brings Tata Power Solar’s pending order book to Rs135bn and its total utility-scale solar project portfolio to 9.7GWp.
Earlier this month, the company secured an engineering, procurement and construction (EPC) order for a project worth Rs55bn ($716m) from Satluj Jal Vidyut Nigam (SJVN ), an Indian state-owned power company.
The 1GW solar facility will be built in the Indian state of Rajasthan on a site covering more than 5,000 acres.
It will be developed under the CPSU scheme within a period of 24 months.
In a separate development, SJVN has agreed to build Arun-4, a 490MW hydropower project worth Rs49bn in Nepal.
For this project, a memorandum of understanding (MOU ) was signed in Lumbini, Nepal, in the presence of Indian Prime Minister Narendra Modi and Nepalese Prime Minister Sher Bahadur Deuba.
It is said to be the third ‘mega project’ to be built by SJVN in Nepal.