Tata Power Signs Pact To build 13.2 MW group Captive Solar Plant By CIOTechOutlook Team

Tata Power Signs Pact To build 13.2 MW group Captive Solar Plant

CIOTechOutlook Team | Wednesday, 13 December 2023, 12:26 IST

Tata Power Renewable Energy announced an agreement to create a 13.2 MW group captive solar facility with the Dr. Abhay Firodia Group of Companies (Force Motors Ltd and Jaya Hind Industries Pvt Ltd). "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.

Under the group captive scheme, a power plant is developed for collective usage of multiple consumers.The partnership marks a significant stride in advancing sustainable energy solutions for industrial usage. Under the agreement, Force Motors Ltd, a fully vertically integrated automobile company, will use 6.2 MW AC power and consume 13.64 million units (MUs) annually, as per economic times.

Jaya Hind Industries Private Ltd, the other group company, will consume 7.0 MW AC power, requiring 15.40 MUs per year. This solar project, located in Achegaon, Maharashtra, has a capacity of 13.2 MW AC, generates 29.04 MUs of power yearly, and is expected to eliminate carbon emissions by roughly 21,200 metric tonnes per year.

The project is expected to be finished within a year of the signing of the electricity delivery agreement. TPREL will be in charge of the group captive solar plant's development, management, and maintenance. Force Motors Ltd and Jaya Hind Industries Private Ltd would benefit from the plant's clean and dependable power source, as well as the opportunity 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 environmentally conscious future."