Tata Power Solar has announced that it has received a letter of award (LoA) to construct 95 megawatts (MW) of the solar photovoltaic project worth around Rs 460 crore for Gujarat State Electricity Corporation Ltd (GSECL).
"Tata Power Solar, a wholly-owned subsidiary of Tata Power, has received a letter of award (LoA) to build 95 MW of ground-mounted solar PV project for GSECL," according to a declaration.
The project's order value is about Rs 460 crore ($63 million). The commercial operation date for this project is set for April 2022.
With this addition, the order pipeline of Tata Power Solar Systems Ltd (TPSSL) stands at about 4.2-gigawatts peak (GWp) with a value of about Rs 12,500 crore, thereby reinforcing its position as India's leading solar EPC player for the seventh year in a row among utility-scale.
The company specializes in providing comprehensive EPC (engineering procurement and construction) solutions and also manufactures high-efficiency PV modules.
Tata Power CEO and MD Praveer Sinha in the statement expressed, "We are glad to announce this new win of large grid-based solar EPC contract from GSECL. These orders are a motivation for us to continue focusing on delivering the best to our customers and live up to their expectations."