Tata Power Won the Order for the 300 MW Power Project

BANKING AND ECONOMY

Tata Power Solar Systems, a wholly-owned subsidiary of the Tata Power Company won an order to build a 300-megawatt solar project for state-owned utility major NHPC Limited at an all-inclusive price of ₹1,731 crores. NHPC is the largest organization for hydropower development in India.

Tata Power won the project, as it has the capacity to develop and deliver world-class solar projects on time using state-of-the-art Indian technology.

The project will be developed in Rajasthan under the Central Public Sector Undertaking (CPSU) scheme of IREDA aims to reduce around 6,36,960 units of carbon emissions. The project will use the made-in-India ‘cells and modules’.

The project will be completed within 18 months period and is expected to generate approximately 750 million units annually. 

Tata Power Solar operates a world-class manufacturing unit in Bangalore, with a production capacity of 635MW of modules and 500 MW of cells.

The company's total Renewable capacity is 4,920 MW including 1,400 MW of Renewable projects under various stages of implementation. It also offers a diverse line of solar solutions for both urban and rural markets – these include rooftop solutions, solar pumps, and power packs among others.

 

   Important points for the exam:

  • Tata Power Solar Systems won an order to build a 300-megawatt solar project for state-owned utility major NHPC Limited at an all-inclusive price of ₹1,731 crores.
  • NHPC is the largest organization for hydropower development in India.
  • The project will be developed in Rajasthan under the Central Public Sector Undertaking (CPSU) scheme of IREDA aims to reduce around 6,36,960 units of carbon emissions.
  • The project will be completed within 18 months period and is expected to generate approximately 750 million units annually.
  • The company's total Renewable capacity is 4,920 MW including 1,400 MW of Renewable projects under various stages of implementation.

   Facts to know:

  • IREDA: Indian Renewable Energy Development Agency.
  • Tata Power Solar Systems was established in 1989.
  • NHPC limited was established in 1975.
  • Headquarters of NHPC: Faridabad, India.
  • NHPC limited functions under the ownership of the Ministry of Power.
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