Bangalore, October 21, 2023: Tata Power Renewable Energy Limited (TPREL), certainly one of India’s main renewable power gamers and a subsidiary of The Tata Power Company Limited has signed a Power Delivery Agreement (PDA) with Supreme Petrochem Limited for a 12.5 MW group captive venture by means of a SPV – TP Saturn Limited.
Located in Achegaon, Maharashtra, the plant will generate round 27.5 million items (MUs) of renewable energy yearly.
Supreme Petrochem Limited is market chief in polystyrene and expandable polystyrene in India and is presently placing up an ABS plant (70 KTA) with a steady mass course of, a low-carbon footprint know-how. The Company is dedicated to make use of the clear power to run its manufacturing items.
The plant is anticipated to cut back carbon emissions by 20,075 metric tonnes each year and is anticipated to be operational inside eight months of the PDA signing.
Mr. Ashish Khanna, CEO, Tata Power Renewable Energy Limited, stated, “Our alliance with Supreme Petrochem Limited to put in 12.5 MW captive photo voltaic venture will assist them meet their sustainable power necessities. We are supporting a number of C&I customers with intensive power necessities to affix the inexperienced power transition course of by means of our customised inexperienced power options.”
On this momentous event, Mr. N. Gopal, Executive Director, Supreme Petrochem Limited, said that “By sourcing clear power by means of this PDA with Tata Power Renewable, we’re taking a big step in direction of decreasing carbon emissions and reaching our ESG targets of environmental safety to the best extent potential.”
The addition of this proposed group captive energy plant elevates TPREL’s complete renewable power capability to a formidable 7,902 MW. This consists of 3,711 MW of tasks in various levels of growth, highlighting TPREL’s agency dedication to extending its clear power portfolio. Presently, the corporate operates at a capability of 4,191 MW, comprising 3,185 MW from photo voltaic and 1,006 MW from wind power.