Tata Motors signs PPA with Tata Power to develop onsite solar project 
Corporate Watch

Tata Motors signs PPA with Tata Power to develop onsite solar project

Tata Motors has signed a Power Purchase Agreement with Tata Power to develop a 7.25 Mwp onsite solar project at its commercial vehicle manufacturing facility

PSU Watch Bureau

New Delhi: Tata Motors has signed a Power Purchase Agreement (PPA) with Tata Power to develop a 7.25 Mwp onsite solar project at its commercial vehicle manufacturing facility in Jamshedpur.

The project will be a significant move to increase the renewable energy portfolio at its manufacturing facility, the company said in a statement on Tuesday.

With this project, the onsite solar plant capacity of Tata Motors' Jamshedpur facility will reach 14 MWp, which will generate 442 million units of green electricity having the potential to reduce carbon emission by 3.5 lakh tonnes. This is equivalent to planting 5.6 lakh trees.

Commenting on the occasion, Vishal Badshah, Plant Head, Jamshedpur, Tata Motors said, "It has been our continuous endeavour to reduce greenhouse gas emissions to achieve Net Zero Emission goal. With this agreement, we are reaffirming our commitment to sustainability by increasing the share of renewable energy in our operations. We firmly believe that this will strengthen our journey towards a cleaner and greener future."

Gurinder Singh Sandhu, Chief, New Business Services, Tata Power said, "Tata Motors and Tata Power Renewable Energy Limited's joint green initiative for solarisation of Tata Motors' Jamshedpur Plant is a big step towards achieving RE100 goals."

(With PTI inputs)

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

EIL, NPCIL sign MoU to develop Bharat Small Modular Reactor

Equity markets climb in early trade on buying in HDFC Bank, TCS

EIL Q1 profit rises 28% on higher consultancy earnings, order book at Rs 12,144 cr

Rajasthan CM directs power dept to raise generation for meeting future energy demand

DGCA finds Air India response on crew duty time violations unsatisfactory; warns to ensure compliance