Tata Power Arm to Develop 15 MW Solar Plant at Jamshedpur; Signs 25 Yr PPA with Tata Steel

In a bid to fulfill Tata Group’s commitment towards sustainability, two Tata Group companies, Tata Power and Tata Steel, joined hands to use green power for plant operations.

In line with this, utility giant Tata Power through its wholly owned subsidiary TP Saurya Ltd has entered into a Power Purchase Agreement (PPA) with steel major Tata Steel Ltd (TSL) to develop a 15 MW solar power project at Jamshedpur, Jharkhand.

The company said that, the project is expected to be commissioned within six months from the date of execution of the PPA.

As per the agreement signed, energy will be supplied to Tata Steel under a PPA valid for a period of 25 years from the scheduled commercial date of operation.

Commenting on the project win, 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.”

This solar plant likely to produce 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.