India's First Ever Large Scale 50MWh Battery Energy Storage System colocated with 50MW Solar PV plant, EPC project of Rs. 386 crore, at Leh awarded to Tata Power Solar Systems Limited

Tata Power Solar Systems Limited (Tata Power Solar), India's largest solar energy company, and Tata Power's wholly-owned subsidiary has received a "Notice of Award" (NoA) to build 50MWp Solar PV Plant with 50MWh Battery Energy Storage System (BESS) project at Phyang village in Leh, Ladakh. The order value of the project is Rs. 386 crore. The commercial operation date for this project is set for March 2023.

This will be India's first co-located Large Scale BESS solution as well as first Large Scale Solar PV Project in the Union Territory of Ladakh to be set up at a high altitude of 3600 meters above sea level.

With the addition of this project, the order pipeline of Tata Power Solar now stands at approximately 4GWp with approx. order value of Rs. 12,414 crore.

The scope of work includes design, engineering, supply & procurement, construction of Solar Photovoltaic grid connected power plant project and BESS on a turnkey basis along with ten years of operations and maintenance services.

Speaking on the achievement, Dr. Praveer Sinha, CEO & MD, Tata Power said, "Tata Power has always been at the forefront of generating renewable energy coupled with innovative solutions. This project is a testament of contribution towards developing an advanced ecosystem for faster adoption of clean energy across the nation."

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.

Shares of Tata Power Co. Ltd was last trading in BSE at Rs. 133.65 as compared to the previous close of Rs. 129.5. The total number of shares traded during the day was 1773996 in over 9442 trades.

The stock hit an intraday high of Rs. 134.2 and intraday low of 130. The net turnover during the day was Rs. 234488081.

Source : Equity Bulls

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