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This Article is From Oct 01, 2019

India Is Planning a $49 Million Floating Solar Plant

STOCKS IN THIS STORY
Goenka Business & Finance Ltd.
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Cosco (India) Ltd.
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Elcid Investments Ltd.
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Nifty Capital Markets
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BSE Utilities
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MSCI World
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Pritika Auto Industries Ltd
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MSCI AC Asia ex-Japan
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BSE Oil & Gas
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Ajmera Realty & Infra India Ltd.
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(Bloomberg) -- Tata Power Solar Systems Ltd., a unit of Tata Power Co., received an order to build a 105 megawatt-peak floating solar plant in the southern Indian state of Kerala, the company said in a stock exchange filing.

The 3.43 billion rupee ($49 million) project will be built on the reservoir of NTPC Ltd.'s naphtha-fired plant in Kayamkulam and commissioned within 21 months, the company said. The order also includes operations and maintenance of the plant for three years, according to the statement.

To contact the reporter on this story: Rajesh Kumar Singh in New Delhi at rsingh133@bloomberg.net

To contact the editors responsible for this story: Ramsey Al-Rikabi at ralrikabi@bloomberg.net, Jasmine Ng, Aaron Clark

©2019 Bloomberg L.P.

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