Tata Power today announced its arm Tata Power Renewable Energy has collaborated with Indian stainless steel manufacturer Viraj Profile to set up a 100 MW captive solar plant. The plant will be developed by Tata Power at Nandgaon at its Nasik site and will supply power to Viraj Profile’s Tarapur plant in Maharashtra.
“With this, Viraj will become one of the first stainless steel long products manufacturing companies in India to use solar energy to run its manufacturing plant. With the commissioning of this plant, Viraj Profile’s dependability on non-renewable power resources will reduce by around 50%. The project is set for commissioning by July 2023,” stated Tata Power..
Tata Power Renewable Energy’s special-purpose vehicle TP Nanded will undertake the construction, operation and maintenance of this captive solar power plant.
The plant is expected to generate about 200 million units of energy and offset approximately 170.43 million kg of CO2 annually.
As per captive generation rules, Tata Power will own 74% of the generation with Viraj Profile owning the remaining 26%.
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