Leading renewable energy producer Tata Power Solar will build a 50 megawatt (mw) solar power project for the government-owned National Thermal Power Corporation (NTPC) at Madhya Pradesh's Rajgarh.
Tata Power Solar Chief Executive Ajay Goel said in a statement in Bangalore on July 4 that the company has won the 50 mw solar photovoltaic project in a competitive bid and will build it at Rajgarh during the next nine months for commissioning in March 2014.
The project cost is estimated to be Rs 246 crore (Rs 2.46 billion). Around 79 million units in kilowatt per hour (kwh) of energy generated from the project will be supplied to the State grid through Madhya Pradesh Power Trading Company. According to the Central Electricity Authority, Madhya Pradesh has an annual peak power deficit of 9.6 per cent.
The project will demonstrate the company's core strengths of manufacturing solar modules and engineering, procurement and construction (EPC) capability as the criteria for awarding it to us was technical knohow and competitive pricing to execute it on time, Goel said. The project, which doubles NTPC's solar capacity to 100 mw, is a part of its renewable energy plan target of 1,000 mw by 2017.
NTPC Director (Technical) AK Jha said in the statement that the PSU power generator plans to broaden its generation mix through conventional and non-conventional energy sources to ensure long-term competitiveness and mitigate fuel risk.
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