Tata Power, an integrated power utility, announced today the signing of a power purchase agreement with Tata Steel Limited.
The aim is to develop a 15 MW solar project at Jamshedpur, Jharkhand.
Moreover, Tata Power arm TP Saurya will develop the plant and supply electricity to Tata Steel Limited under a power purchase agreement.
This agreement is however valid for 25 years from the scheduled commissioning date.
Further, the project requires commissioning within six months from the date of PPA signing.
It is expected to generate an average 32 million units of electricity per year.
This includes offsetting approximately an average 25.8 million Kg of CO2 annually.
Tata Power’s renewable capacity will increase to 4,047 MW with the latest addition.
Out of this, 2,687 MW is operational and 1,360 MW under implementation which includes 15 MW won under the PPA.
The real motive behind the collaboration with Tata Steel is to reduce the carbon footprint of Tata Power.
Also, this is to reaffirm Tata Group’s commitment for sustainability.
CEO of Tata Power looks forward to closely working with Tata Steel for covering all their other plants across India.
He further added that this project epitomizes new technologies for sustainable and continuous power requirements.
Such plants demonstrate how clean and renewable sources like solar can meet the energy needs of the manufacturing sector.
This also has the potential to take usage of solar energy to new heights.
The plant covers 19 acres of land at an elevated reclaimed mining hill with ample undulations and a rocky terrain.
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