Tata Power strikes 25-year green power deal with Dr. Abhay Firodia Group
Tata Power Renewable Energy Limited (TPREL), a pivotal player in India’s renewable energy sector, has recently announced a substantial Power Delivery Agreement (PDA) with the esteemed Dr. Abhay Firodia Group of Companies, including Force Motors Limited and Jaya Hind Industries Private Limited. This 25-year agreement under the Group Captive scheme represents a major leap in promoting sustainable energy solutions, especially for industrial usage.
Under the terms of this agreement, Force Motors Limited, a fully vertically integrated automobile company, will utilize 6.2 MW AC power, amounting to an annual consumption of 13.64 Million Units (MUs). Similarly, Jaya Hind Industries Private Limited will use 7.0 MW AC power, consuming 15.40 MUs annually. This partnership is not just a business transaction; it symbolizes a significant commitment to environmental responsibility and sustainable practices in the industrial sector.
Located in Achegaon, Maharashtra, the group captive solar plant boasts a capacity of 13.2 MW AC. This facility is set to generate 29.04 MUs of power annually, while significantly reducing carbon emissions by approximately 21,200 metric tons per year. The completion of the project is scheduled within 12 months from the signing of the PDA, showcasing the urgency and commitment of all parties involved.
Force Motors and Jaya Hind Industries Commit to Sustainable Future with Green Energy Supply from Tata Power Renewable Energy
TPREL will be responsible for the development, management, and maintenance of this group captive solar plant. This move ensures that companies like Force Motors Limited and Jaya Hind Industries Private Limited not only receive a clean and reliable power supply but also actively contribute to environmental sustainability.
Deepesh Nanda, CEO & MD of Tata Power Renewable Energy Limited, expressed his enthusiasm for the collaboration: “We are excited to collaborate with Dr. Abhay Firodia Group of Companies – Force Motors Limited and Jaya Hind Industries Private Limited to set up a group captive solar plant. This alliance reiterates our commitment to providing customized sustainable energy solutions for industries. It will set new benchmarks in the automotive sector towards the adoption of clean energy for an environmentally conscious future.”
Echoing this sentiment, Prasan Firodia, MD of Force Motors Limited and Jaya Hind Industries Private Limited, remarked, “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.”
TPREL, a subsidiary of The Tata Power Company Limited, one of India’s largest integrated power companies, has significantly bolstered its portfolio with this addition. The total renewables capacity of TPREL now reaches 8,327 MW, comprising both operational and developmental projects in solar and wind energy.
This partnership stands as a testament to the growing trend of industrial giants leaning towards renewable energy solutions, setting a precedent for other companies to follow suit in the journey towards a greener and more sustainable future.