Tata Power Solar Systems receives LoA of Rs 5.96 billion to set up 125MWp floating solar project for NHDC

Tata Power Solar Systems Limited (TPSSL) has received the letter of award (LoA) of Rs 5.96 billion for setting up a 125MWp floating solar project from NHDC Limited, a joint venture of NHPC Limited and Government of Madhya Pradesh.

The LoA was awarded through tariff-based competitive bidding. NHDC had invited bids early this year for this project at the Omkareshwar reservoir in the Khandwa district of Madhya Pradesh. It will be one of the India’s largest floating solar power projects. The project will be commissioned within 13 months from the date of LoA and will provide sustainable power to M. P. Power Management Company Limited. With this win, TPSSL’s total utility-scale solar project portfolio has touched 9.8 GWp.