Mumbai (Maharashtra): Tata Power Solar, a wholly-owned subsidiary of Tata Power, announced on Monday that the government-run National Hydro Electric Power Corporation (NHPC) has placed an order for a 300 megawatt (MW) solar project costing Rs 1,731 crore.
According to Tata Power, the project site in Rajasthan would be constructed under the CPSU plan of the Indian Renewable Energy Development Agency (IREDA).
The project is expected to be finished in 18 months, will decrease 6,36,960 carbon emissions, and will create around 750 million units annually. The project would be installed using Indian-made cells and modules, according to the statement.
"We are grateful to NHPC for awarding us this big project. It demonstrates the industry's faith in our capacity to design and construct world-class solar projects on time, utilising cutting-edge Indian technology "Tata Power CEO and MD Praveer Sinha stated.