Tata Power, an integrated power utility, announced today the signing of a power purchase agreement with Tata Steel Limited (TSL) to develop a 15 MW solar project at Jamshedpur, Jharkhand.
The plant will be developed by Tata Power arm TP Saurya and supply electricity to Tata Steel Limited under a power purchase agreement (PPA) valid for 25 years from the scheduled commissioning date.
The project is required to be commissioned within six months from the date of PPA signing. It is expected to generate an average 32 million units of electricity per year, offsetting approximately an average 25.8 million Kg of CO2 annually.
With the latest addition, Tata Power’s renewable capacity will increase to 4,047 MW. Out of this, 2,687 MW is operational and 1,360 MW under implementation, including 15 MW won under the PPA.
Speaking on this achievement, Praveer Sinha, chief executive officer and managing director, 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.”
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