- Plant set to generate 29.04 Million Units and offset over 21,200 tons of CO2 emissions annually
Bangalore, 14th December 2023: Tata Power Renewable Energy Limited (TPREL), one of the most significant renewable energy players in India, 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. The partnership marks a significant stride in advancing sustainable energy solutions for industrial usage.
Under the agreement Force Motors Limited, a fully vertically integrated automobile company, will be utilising 6.2 MW AC power and consuming 13.64 Million Units (MUs) power annually. While the other group company, Jaya Hind Industries Private Limited will be utilising 7.0 MW AC power, consuming 15.40 MUs annually.
Located in Achegaon, Maharashtra, this group captive solar plant has a capacity of 13.2 MW AC, generating 29.04 MUs power annually and will reduce carbon emissions by 21,200 metric tons per year approximately. The project is scheduled to be completed within 12 months from the signing of PDA.
TPREL will oversee the development, management, and maintenance of the group captive solar plant facility. Force Motors Limited & Jaya Hind Industries Private Limited would benefit from clean and reliable power supply from the plant and have the chance to actively contribute to environmental sustainability.
"We are excited to collaborate with Dr. Abhay Firodia Group of Companies - Force Motors Limited and Jaya Hind Industries Private Limited to setup group captive solar plant. This alliance reiterates our commitment to provide customised sustainable energy solutions for industries. It will set new benchmarks in the automotive sector towards adoption of clean energy for environmentally conscious future.”
Mr. Deepesh Nanda, CEO & MD, Tata Power Renewable Energy Limited
"We are thrilled about the prospects this partnership brings. By aligning with TPREL, we are not only addressing our energy needs but also playing a part in shaping a sustainable future. This collaboration reflects our shared values of environmental responsibility and sets the stage for impactful, eco-friendly initiatives."
Mr. Prasan Firodia, MD, Force Motors Limited and Jaya Hind Industries Private Limited
Tata Power Renewable Energy Limited (TPREL) is a subsidiary of The Tata Power Company Limited, one of India's largest integrated power companies.
With this addition, the total renewables capacity of TPREL reached 8,327 MW (PPA capacity is 7,338 MW), which comprises 4,107 MW of projects in different phases of development and an operating capacity of 4,220 MW, including 3,201 MW in solar projects and 1,019 MW in wind projects.
*Disclamier: "The pages slugged ‘Press Release’ are equivalent to advertisements and are not written and produced by Success Insights India Media journalists/Editorial." We do not hold any copyrights towards the content or image. Image source: Newswire
