Tata Power Renewable Energy signs pact with Tata Communications to set up captive solar plant
PINAKI MAJUMDAR Jamshedpur, Feb 14: Tata Power Renewable Energy Limited (TPREL), one of India’s largest integrated power companies and a subsidiary…
PINAKI MAJUMDAR
Jamshedpur, Feb 14: Tata Power Renewable Energy Limited (TPREL), one of India’s largest integrated power companies and a subsidiary of Tata Power Company Limited, has signed a power delivery agreement with Tata Communications Limited (Tata Communications), a leading communications technology (commtech) player, for an 18.75 MW AC group captive solar power plant.
The project was facilitated through a special purpose vehicle (SPV) — Nivade Windfarm Limited — and has acquired an estimated order value of Rs 105 crore.
Located in Aachegaon, Maharashtra, the plant is projected to generate approximately 40 MUs of power while offsetting more than 30,000 tonnes of CO2 emissions annually.
According to a release, Tata Communications reaffirms its commitment to environmental responsibility and adopting eco-friendly energy alternatives by incorporating renewable energy sources in its energy consumption mix.
“While the decision to ‘go green’ demonstrates the feasibility and immense benefits of sustainable energy practices, it also reflects the broader efforts within the sector to reduce environmental impact and champion a more sustainable and responsible business ecosystem,” it added.
Commenting on the partnership, Deepesh Nanda, CEO and Managing Director of Tata Power Renewable Energy Limited, said, “We are pleased to partner with Tata Communications to support their transition to renewable energy and duly enable their progress in the digital ecosystem arena for being a market leader in Commtech space. Our customised green energy solutions, such as Group Captive Solar, will reduce operating costs and increase energy efficiency, thus paving the way for a sustainable and future-ready sector.”
Group captive projects
Notably, Tata Power Renewable Energy Limited strategically emphasises group captive projects to actively contribute to India’s ambitious target of achieving net-zero carbon emissions by 2070 while addressing clients’ distinctive renewable energy requirements across various sectors.
