You are here: Home » News-CM » Companies » News
Business Standard

Tata Power secures contract worth Rs 400 cr for 64 MW solar rooftop project

Capital Market 

From Kerala State Electricity Board

Tata Power has been empanelled and won a contract worth Rs 400 crore from the Kerala State Electricity Board (KSEBL) on 2 July 2021 to develop 64 MW solar rooftop project for domestic consumers across all districts of Kerala.

As a part of this agreement, the company will implement projects through KSEBL of 80MW for individual households with solar capacity ranging from 3kW - 10kW) and for 20 MW of residential / housing society with projects (solar capacity ranging from 11kW - 100kW).

The company has won this capacity in a bid announced by KSEBL in Feb 2021 under the 'Soura Subsidy Scheme in Domestic Sector', Kerala, in line with the Phase II Subsidy Programme of the Ministry of New & Renewable Energy. The project has to be commissioned within three months of receipt of an order from individual residential customers. Besides rooftop, the company had earlier received a Letter of Award from KSEBL on 6th January 2021 to develop a 110 MW solar project which is expected to generate about 274 MUs of energy per year.

Upon completion of this 84MW of solar rooftop project, it is expected to generate 120 MUs of energy per year and will annually offset approximately 100 Million Kg of CO2.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, July 09 2021. 10:40 IST