Tata Power Solar Confirms Rs 460 Crore Project Award From GSECL
Tata Power Solar has received an LoA to build a 95 MW solar project for GSECL, the order value of the project is approximately Rs 460 crores.
Tata Power Solar, one of India’s largest integrated solar companies and a wholly-owned subsidiary of Tata Power, has announced that it has received a Letter of Award (LoA) to build a 95 MW ground-mounted solar PV project for Gujarat State Electricity Corporation Limited (GSECL). The order value of the project is approximately Rs 460 crores. The Commercial operation date for this project is set for April 2022.
With this addition, the order pipeline of Tata Power Solar Systems (TPSSL) stands at approximately 4.2 GWp with an approximate value of Rs 12500 crore, thereby cementing its position as one of India’s leading solar EPC players for the seventh year in a row among utility scale.
The company specialises in providing comprehensive EPC solutions and also manufactures high-efficiency PV modules.
Speaking on the achievement, Praveer Sinha, CEO & MD, Tata Power said, “we are glad to announce this new win of large grid-based solar EPC contract from GSECL, a leading public sector undertaking. We have been progressively growing our portfolio to be the partner of choice for grid-scale solar projects. These orders are a motivation for us to continue focusing on delivering the best to our customers and live up to their expectations.”
Over the years, TPSSL has been India’s leading solar rooftop EPC player with compelling economics, especially for the commercial and industrial segment, favourable government policies, and increased environmental awareness have been the key growth drivers. The firm has successfully implemented large projects such as the 150 MW Ayana at Ananthapur, 50 MW Kasargod at Kerala, 56 MW Greenko, 30 MWp solar plant in Lapanga, Odisha, 105 MWp floating solar at Kayamkulam (under implementation). It has also won an auction conducted by Gujarat for 400 MW of projects to be built at Dholera solar Park.
Earlier this week, the renewable business unit of Larsen & Toubro (L&T), the construction and engineering giant, had announced key contracts in Gujarat. These contracts were won through GSECL (Gujarat State Electricity Corporation Limited) and NTPC Limited.
The GSECL contract for a 210 MW capacity solar project was won through an e-reverse auction on January 22, 2021. The project is for a state-specific scheme in waste government lands near the GETCO substation. L&T won this bid against the other bidder, Tata Power, with an approximate value of Rs 960 crores.
The NTPC bid was won on Jan 18, 2021, again through an e-reverse auction by NTPC. For a project capacity of 200 MW, to be located anywhere in Gujarat. NTPC had won the rights for the project as part of the GUVNL Phase XI scheme. The approximate value here is Rs 850 crores, and the other bidder again was Tata.
Recently, Tata Power Solar had announced that it had bagged an order worth Rs 1,200 crore from national generator NTPC for setting up of a 320 MW ground-mounted solar project. The commercial operation date for this project is set for May 2022.