Tata Power and Tata Steel to set up 41 MW grid-connected solar project in Jharkhand and Odisha
Under the project, Tata Power will develop Photo Voltaic (PV) capacities for Tata Steel at Jamshedpur (21.97 MWp) and Kalinganagar (19.22MWp)
Tata Power and Tata Steel, the two flagship companies of the Tata Group, have come together to develop grid-connected solar plants in Jharkhand and Odisha.
The two companies have signed a Power Purchase Agreement (PPA) for 25 years to set up a 41 MW solar project, which will be a combination of rooftop, floating and ground-mounted solar panels. Under the project, Tata Power will develop Photo Voltaic (PV) capacities for Tata Steel at Jamshedpur (21.97 MWp) and Kalinganagar (19.22MWp).
Under the PPA, at Jamshedpur, Tata Power will develop
- Rooftops PV with 7.57 MWp capacity.
- Floating and ground-mounted capacity would be 10.80 MWp and 3.6 MWp, respectively.
- The ground-mounted PV will be installed at Sonari Airport, Jamshedpur.
- Kalinganagar will have 9.12 MWp rooftop PV capacities, and floating PV will constitute 10.10 MWp.
Impact of the Project: Its lifetime (i.e. for 25 years), the total energy generation would be 1,40,93,61,488 kWh. The project will help save 45,210 tons of CO2 per year and 10,57,021 tons during its lifetime (25 years).
Executive statement on the valued partnership project.
V Narendran, CEO & MD, Tata Steel, said: “At Tata Steel, sustainability has always been a core principle that is embedded in its business philosophy and is backed by a long-term, holistic vision of achieving identified targets. We have taken several definitive steps across the value chain to reinforce our sustainability credentials. In the recent past, power generation from solar and non-conventional energy sources have gained momentum across our operating locations. We will continue with our pursuit of clean energy solutions and expand our renewable energy footprint."
Dr Praveer Sinha, CEO & MD, Tata Power, said: “We are glad to collaborate with Tata Steel to help them reduce their carbon footprint and reaffirm the Tata Group’s commitment towards the adoption of clean energy. Tata Power and Tata Steel have been collaborating for a long time to meet the energy requirements through cleaner means. This blended solar PV project is yet another milestone in our shared vision of a better tomorrow and we look forward to working closely with them for covering all their other plants across the country.”
At 3.30 PM Tata Power closed at 0.85 per cent down at Rs 216.105 on the NSE exchange, and Tata Steel closed at 1.34 per cent up at Rs 1316.65.