New Delhi: Tata Power, India's largest integrated power company, announced that TP Saurya Limited, the wholly-owned subsidiary of The Tata Power Company Limited, has signed a power purchase agreement (PPA) with Tata Steel Limited (TSL) to develop a 15 MW solar project at Jamshedpur, Jharkhand.
The energy will be supplied to TSL under a PPA valid for a period of 25 years from the scheduled commercial operation date. The project is required to be commissioned within six months from the date of execution of the PPA.
The plant is expected to generate an average of 32 MUs of energy per year and will annually offset approximately an average of 25.8 Million Kg of CO2.
Tata Power's renewable capacity will increase to 4,047 MW, out of which 2,687 MW is operational and 1,360 MW is under implementation, including the 15 MW won under this PPA.
Commenting on this achievement, Tata Power's MD & CEO Dr Praveer Sinha 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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