Tata Power Renewable Energy to Build 13.2 MW Group Captive Solar Plant
Tata Power Renewable Energy has signed a deal with Force Motors Ltd and Jaya Hind Industries Pvt Ltd, part of the Dr. Abhay Firodia Group of Companies, to collaborate on the development of a 13.2 MW group captive solar plant. "Tata Power Renewable Energy Ltd (TPREL) entered into a Power Delivery Agreement (PDA) with Dr. Abhay Firodia Group of Companies Force Motors Limited and Jaya Hind Industries Private Limited for supplying green power for 25 years under Group Captive scheme", a company statement said.
The collaborative venture under the group captive scheme involves the development of a power plant designed for shared utilization by various consumers. This partnership signifies notable progress in promoting sustainable energy solutions for industrial purposes. As per the agreement, Force Motors Ltd, a fully integrated automobile company, is set to utilize 6.2 MW AC power, equivalent to an annual consumption of 13.64 million units (MUs). Simultaneously, Jaya Hind Industries Private Ltd, another entity within the group, will utilize 7.0 MW AC power, consuming 15.40 MUs annually.
Situated in Achegaon, Maharashtra, the solar plant boasts a 13.2 MW AC capacity, producing 29.04 million units (MUs) of power annually and is anticipated to result in a reduction of approximately 21,200 metric tonnes of carbon emissions per year. The project is slated for completion within 12 months from the execution of the power delivery agreement. Tata Power Renewable Energy (TPREL) will be responsible for the overall development, administration, and maintenance of the group's captive solar facility.
Force Motors Ltd and Jaya Hind Industries Private Ltd would benefit from a clean and reliable power supply from the plant and have the chance to actively contribute to environmental sustainability. Deepesh Nanda, CEO & MD, Tata Power Renewable Energy, said in the statement, "It will set new benchmarks in the automotive sector towards adoption of clean energy for an environmentally conscious future".
Tata Power Renewable Energy operates as a subsidiary of Tata Power Company Limited, a major integrated power company in India. The recent inclusion has elevated TPREL's total renewables capacity to 8,327 MW (with a Power Purchase Agreement (PPA) capacity of 7,338 MW). This encompasses 4,107 MW across various developmental stages and an operational capacity of 4,220 MW, distributed between 3,201 MW in solar projects and 1,019 MW in wind projects.
The collaborative venture under the group captive scheme involves the development of a power plant designed for shared utilization by various consumers. This partnership signifies notable progress in promoting sustainable energy solutions for industrial purposes. As per the agreement, Force Motors Ltd, a fully integrated automobile company, is set to utilize 6.2 MW AC power, equivalent to an annual consumption of 13.64 million units (MUs). Simultaneously, Jaya Hind Industries Private Ltd, another entity within the group, will utilize 7.0 MW AC power, consuming 15.40 MUs annually.
Situated in Achegaon, Maharashtra, the solar plant boasts a 13.2 MW AC capacity, producing 29.04 million units (MUs) of power annually and is anticipated to result in a reduction of approximately 21,200 metric tonnes of carbon emissions per year. The project is slated for completion within 12 months from the execution of the power delivery agreement. Tata Power Renewable Energy (TPREL) will be responsible for the overall development, administration, and maintenance of the group's captive solar facility.
Force Motors Ltd and Jaya Hind Industries Private Ltd would benefit from a clean and reliable power supply from the plant and have the chance to actively contribute to environmental sustainability. Deepesh Nanda, CEO & MD, Tata Power Renewable Energy, said in the statement, "It will set new benchmarks in the automotive sector towards adoption of clean energy for an environmentally conscious future".
Tata Power Renewable Energy operates as a subsidiary of Tata Power Company Limited, a major integrated power company in India. The recent inclusion has elevated TPREL's total renewables capacity to 8,327 MW (with a Power Purchase Agreement (PPA) capacity of 7,338 MW). This encompasses 4,107 MW across various developmental stages and an operational capacity of 4,220 MW, distributed between 3,201 MW in solar projects and 1,019 MW in wind projects.
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