Tata Power has announced that its wholly-owned subsidiary TP Saurya Ltd has signed a power purchase agreement with Tata Steel Ltd to develop a 15-mw solar project at Jamshedpur, Jharkhand.
The energy will be supplied to TSL under a PPA valid for a period of 25 years from scheduled commercial operation date. The project is required to be commissioned within six months from the date of execution of the PPA.
The proposed plant is expected to generate an average of 32 million kwh of energy per year and will annually offset approximately average 25.8 million kg of CO2.
Speaking on this achievement, Dr. Praveer Sinha, CEO & MD, Tata Power, said, “We are glad to collaborate with Tata Steel to reduce their carbon footprint and reaffirm the Tata Group’s commitment for sustainability. Presently the association is limited to Tata Steel at Jamshedpur and we look forward to working closely with them for covering all their other plants across India.”
Also read: Tata Power Plans Rs.2,830 Crore Capex In WESCO And SOUTHCO
Tata Power’s renewable capacity will increase to 4,047 mw, out of which 2,687 mw (including 15 mw won under this PPA) is operational and 1,360 mw is under implementation.
(Featured photograph for illustration only)
