TP Saurya Limited, a wholly owned subsidiary of India’s largest integrated power company – 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 new plant is expected to generate an average of 32 MUs of energy per year and will annually offset approximately average 25.8 Million Kg of CO2.
With this project, 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 15 MW won under this PPA. Also, Tata Power along with its subsidiaries and jointly controlled entities has an installed or managed capacity of 12,792 MW.
Speaking on this achievement, Dr Praveer Sinha, CEO & MD, Tata Power, 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.”