Tata Power to develop 15 MW solar plant for Tata Steel

Tata Power has announced that it has signed a  power purchase agreement with Tata Steel Limited to develop a 15 MW solar project at Jamshedpur, Jharkhand. The plant will be developed by the company’s subsidiary, TP Saurya, and supply electricity to Tata Steel Limited under a power purchase agreement (PPA) valid for 25 years from the scheduled commissioning date. The project must be commissioned within six months of the date of signing of the PPA. Once commissioned, it will generate an average of 32 million units of electricity per year and reduce carbon dioxide emissions to the extent of 25.8 million kg annually. With the announcement, Tata Power’s renewable capacity will increase to 4,047 MW. Out of this, 2,687 MW is operational and 1,360 MW is in various stages of development.

In September 2020, Tata Power signed a PPA with Tata Motors to commission India’s largest carport. The project hasa 6.2 MWp capacity and is expected to reduce 160,000 tonnes of carbon emissions for Tata Motors in its lifetime. In January 2021, Tata Power announced that it had received the order from the Kerala State Electricity Board to develop a 110 MW solar power project in the state. It is estimated that the contract size is about Rs 4.88 billion and the project is expected to generate 274 million units of electricity and reduce 274 million kg of carbon dioxide annually.

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