Tata Power Solar Systems has received a letter of award from state-owned hydropower producer NHDC to set up a 125 MWp floating solar project in Madhya Pradesh. The INR 596 crore ($75 million) project will come up at the Omkareshwar reservoir in Khandwa district.
NHDC started accepting bids for the project earlier this year. It awarded the project to Tata Power Solar Systems through a tariff-based competitive bidding process. It is scheduled for commissioning within 13 months from the award of the contract.
Upon completion, the project will supply electricity to M.P. Power Management Co. Ltd.
With this win, Tata Power Solar’s total utility-scale solar project portfolio has reached 9.8 GWp. Its total order book now stands at INR 14,908 crore.
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