Tata Power today announced its arm Tata Power Renewable Energy Ltd (TPREL) has signed an agreement with Vivarea Condominium, a residential society in Mumbai, to supply solar power.
TPREL will set up a 3.125 MW captive solar plant in Himayatnagar of Maharashtra to power society with clean energy. It will undertake the construction, operation, and maintenance of this captive solar power plant, which is expected to generate about 7.5 million units (MUs) of electricity and offset 6.15 metric tonnes of CO2 in the first year itself.
The project is scheduled for commissioning by October and will provide green power at approximately 40% less price than the existing tariff to Vivarea Condominium.
With the installation of this group captive solar plant, Vivarea Condominium will become India’s first residential society to use captive solar energy for domestic usage.
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