Tata Power wins solar rooftop project worth Rs 400 crore from Kerala State Electricity Board
The project has to be commissioned within three months of receipt of the order from individual residential customers.
Tata Power Company Limited has won a contract worth Rs 400 crore from Kerala State Electricity Board Limited (KSEBL) 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 80 MW for individual households with solar capacity ranging from 3kW-10kW as well as for 20 MW of residential/housing society with projects (solar capacity ranging from 11 kW-100 kW).
The project has to be commissioned within three months of receipt of the order from individual residential customers. Upon completion of this 84 MW 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.
Besides rooftop, the company had earlier received a letter of award from KSEBL on January 6, 2021, to develop a 110 MW solar project, which is expected to generate about 274 MUs of energy per year.
The company has won this project in a bid announced by KSEBL in February 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.
On Friday, at 10.35 am, the stock of Tata Power was trading at Rs 124.50, up by 0.9 per cent from its previous close of Rs 123.35 on BSE.