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    500400   INE245A01021

THE TATA POWER COMPANY LIMITED

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Tata Power : Solar receives EPC orders worth INR 538 Crores from EESL to set up Multiple Distributed Ground Mounted Solar projects totalling 100MW

10/12/2021 | 03:12am EST

Tata Power Solar, one of India's largest integrated solar company and a wholly-owned subsidiary of Tata Power, has received "Letter of Award" (LoA) to build 100MW of Distributed Ground Mounted Solar projects for Energy Efficiency Services Limited (EESL). The total order value of projects is ÌNR 538 crores. The commissioning date of the projects is set for 12 months.

With this win, the Utility Scale EPC order book of Tata Power Solar now stands at ~4GW (DC) capacity with an approximate value of INR 9,264 crore (without GST), thereby strengthening its position as India's leading Solar EPC player.

The EESL project sites are located in Maharashtra. The work secured includes engineering, design, supply, construction, erection, testing, O&M and commissioning of the solar projects.

Speaking on the achievement, Dr. Praveer Sinha, CEO & MD, Tata Power said, "We are enthused with the new contract win from EESL for Distributed Ground Mounted Solar EPC projects. This is yet another recognition of Tata Power's strong credentials in the solar energy domain and project execution capabilities."

Over the years, Tata Power Solar has been one of India's leading solar rooftop EPC player with compelling economics, especially for the commercial and industrial segment. Tata Power Solar comes with a successful background of executing large projects, to name a few 150MW Ayana at Ananthapur, 50 MW Kasargod at Kerala, 56MW Greenko, 30MWp Solar Power Plant in Lapanga, Odisha, 105MWp of 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.

Tata Power together with its subsidiaries and jointly controlled entities, has an installed / managed capacity of 13,061 MW. The Company has presence across the entire power value chain - generation of renewable as well as conventional power including hydro and thermal energy, transmission & distribution, coal & freight, logistics and power trading. With 4.2 GW of clean generation capacity from solar, wind, hydro and waste heat recovery accounting for 32% of the overall portfolio the company is committed to clean energy generation. It has successful public-private partnerships in generation, transmission & distribution in India viz: Powerlinks Transmission Ltd. with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi, Maithon Power Ltd. with Damodar Valley Corporation for a 1,050 MW Mega Power Project at Jharkhand. Tata Power is currently serving around 12 million consumers via its Discoms viz Tata Power Delhi Distribution Ltd. with Government of Delhi for distribution in North Delhi; TP Northern Odisha Distribution Limited, TP Central Odisha Distribution Limited, TP Western Odisha Distribution Limited and TP Southern Odisha Distribution Limited with Government of Odisha. With a focus on sustainable and clean energy development, Tata Power is steering the transformation into integrated solutions providers by looking at new business growth in distributed generation through rooftop solar and micro grids, storage solutions, EV charging infrastructure, ESCO, home automation & smart meters et al . For more information visit us at: www.tatapower.com

Disclaimer

Tata Power Company Limited published this content on 12 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 October 2021 07:11:08 UTC.


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Sales 2022 400 B 5 288 M 5 288 M
Net income 2022 21 474 M 284 M 284 M
Net Debt 2022 399 B 5 273 M 5 273 M
P/E ratio 2022 34,0x
Yield 2022 0,76%
Capitalization 727 B 9 646 M 9 619 M
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Nbr of Employees 18 626
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