Tata Power Solar
has won 50 MW solar photovoltaic project from NTPC
as part of their mandate to expand their renewable energy portfolio to 1,000MW by 2017. The new flagship 50MW project, at Rajgarh, Madhya Pradesh
, will double NTPC’s solar capacity.
Once commissioned in March 2014, the project is expected to generate 78.66 million units (Kwh) of energy each year for MP Power Trading Company Ltd for a state that runs annual peak deficit of 9.6% (per CEA, June 2013).
“We are proud to be partnering with NTPC on this flagship 50MW solar project to bring much needed peak power to Madhya Pradesh. This project brings together two of our core strengths in solar– market leading solar module manufacturing and, competitive, high-quality engineering, procurement and construction (EPC) capability” said, Ajay Goel, CEO, Tata Power Solar.
The key criteria for awarding this project were strong technical capabilities and competitive pricing along with the scale and strength to execute this project on time.
NTPC plans to broad-base generation mix through conventional and nonconventional sources of energy to ensure long term competitiveness and mitigate fuel risk”, said AK Jha, Director Technical, NTPC.