Tata Power Renewable announces 44MW solar project with Mukand Limited
Tata Power Renewable Energy Limited (TPREL), a key figure in renewable energy and a subsidiary of The Tata Power Company Limited, has inked a Power Delivery Agreement (PDA) with Mukand Limited, part of the Bajaj Group. This deal centers around a 43.75 MW AC Group Captive Solar project, anticipated to generate 99.82 MUs annually. This strategic installation, positioned in Jamkhed, Maharashtra, is set to offset approximately 54,687 CO2 emissions yearly, marking a critical step towards sustainable steel manufacturing processes and operations for Mukand Limited.
TPREL’s commitment extends to overseeing the construction, operation, and maintenance of this innovative group captive solar power plant. The project is targeted for commissioning by March 2024, underscoring the company’s adherence to high quality standards and specifications. The solar plant aims to cater to Mukand Limited’s increasing energy demands while promoting eco-friendly practices in stainless-steel production.
TPREL’s CEO, Ashish Khanna, stated, “The installation of this group captive project is in line with our commitment to provide clean and sustainable energy solutions to our C&I consumers, especially in the energy-intensive sectors. It will help to enhance renewable energy capacity and reduce carbon emissions in the country. Through this partnership we are forging a sustainable energy path for Mukand Limited, a Bajaj Group company.”
Additionally, Shashibhushan Upadhyay, President of Mukand Limited, emphasized the collaborative success, mentioning, “We are thankful and acknowledge collaborative efforts between Tata Power Renewables and our organization, Mukand Limited, to harness the potential of clean and green energy by executing this strategic PPA. This partnership shall contribute to our mission of sourcing clean energy for our manufacturing operation and support us in meeting our climate change commitments.” With this project, TPREL’s total renewable capacity reaches an impressive 7,946 MW, including both operational and projects under implementation, indicating a robust move towards a greener energy landscape in India.