Tata Power Solar has been awarded a 40 MW solar power project by National Hydroelectric Power Corporation (NHPC) in Odisha.
The solar power plant will be installed at Ganjam, in Odisha. The project has been approved by MNRE under the Solar Park Scheme & is scheduled to be commissioned within 12 months. The estimated total cost of this project is around Rs. 188.19 crore.
During the regulatory filling, NHPC stated, “The company has awarded an EPC (engineering procurement and construction) contract to Tata Power Solar Ltd on May 24, 2021, for the development of a 40-MW solar power project in Odisha for Rs 188.19 crore.”
The EPC contract includes the installation of the solar power plant on government land acquired by National Hydroelectric Power Corporation Ltd (NHPC).
The contract also covers the construction of a 220 kV transmission line for connectivity OPTCL Transmission System through Lilo Provision and comprehensive operation and maintenance for 10 years. The power generated from the project will be procured by Grid Corporation of Odisha (GRIDCO) for 25 years which is also the life of the entire project.
National Hydroelectric Power Corporation Ltd which is a hydropower generator in India diversified its portfolio by venturing into the solar sector in June 2020. As of now NHPC is not directly involving in the solar power plant development but lending the work to the solar developers via tenders, but in the future, they can have a core department of their own to develop the solar projects. This will help them to cut down the development cost by a significant value.
The tender which is awarded to Tata Power was released by NHPC in July last year.
NHPC also has a floating solar power plant project in the pipeline which is planned to be developed in Kollam Dist of Kerala. Talking about the status of this project, the Ministry of New and Renewable Energy (MNRE) has approved the project while Transfer of Land/ Waterbodies & PPA is still under process.
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