Tata Power and Neosym ink deal for 26MW Jamkhed solar power plant

Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, and a front-runner in India’s renewable energy sector, has signed a Power Delivery Agreement (PDA) with Neosym Industry Limited for the Jamkhed solar power plant. Neosym is a leading manufacturer in Gray & S.G. Iron casting in India. The partnership is for a 26 MW AC Group Captive Solar Plant situated at Jamkhed, Ahmednagar in Maharashtra.

The Green Impact: Numbers that Matter

The Jamkhed solar power plant is expected to commence operations by March 2024, with an estimated electricity generation capacity of 59 million units per year. The plant aligns with India’s climate goals by projecting to reduce approximately 32,500 tonnes of CO2 emissions annually. Both TPREL and Neosym demonstrate a firm commitment to environmental stewardship through this collaboration.

Industry Leaders Speak on The Milestone

Ashish Khanna, CEO of Tata Power Renewable Energy Limited, stated, “This Jamkhed project marks a significant milestone in our ongoing effort to provide clean and sustainable energy solutions to our C&I consumers.” Similarly, Vinay Mohta, GM Commercial at Neosym Industry Ltd, said, “Our ground-breaking association serves as a testament to our dedication to reducing our carbon footprint and contributing to India’s green energy revolution.”

Government Initiatives Boosting the Solar Wave

The Indian Government is actively promoting group captive solar projects as a low-risk, high-reward strategy for accelerating renewable energy adoption. With the backing of incentives, subsidies, and mandates like Renewable Purchase Obligations (RPOs), the move encourages businesses and communities to invest more in sustainable energy solutions.

TPREL’s Expanding Renewable Portfolio

TPREL is already catering to diverse C&I consumers across sectors including Steel, Automotive, Polymer, Hospitality, Retail, and Realty, encouraging them to embrace renewable energy for sustainable operations. The company boasts a total renewable capacity of 7,821 MW, including 3,689 MW of projects under various stages of implementation.

The 26MW AC Jamkhed solar power plant deal is a monumental step forward in both TPREL and Neosym’s sustainability journey, solidifying their roles as key players in India’s rapidly growing renewable energy landscape.