Tata Power Renewable Energy Limited (TPREL) has inked a Power Delivery Agreement (PDA) with Supreme Petrochem Limited for a 12.5 MW group captive project. It consists of a Special Purpose Vehicle (SPV) called TP Saturn Limited, situated in Achegaon, Maharashtra. The plant is projected to produce approximately 27.5 MUs of renewable energy annually.
Supreme Petrochem Limited, a leading player in India’s polystyrene and expandable polystyrene markets, is actively engaged in setting up a low-carbon footprint ABS plant (70 KTA) utilizing continuous mass processing technology. In a sustainability commitment, the company aims to power its production units with clean energy. The plant’s operations are anticipated to reduce carbon emissions by 20,075 metric tonnes per year, with the project slated for operational status within eight months from the PDA agreement.
Speaking about the development, Mr. Ashish Khanna, CEO, Tata Power Renewable Energy Limited, said, “Our alliance with Supreme Petrochem Limited to install 12.5 MW captive solar project will help them meet their sustainable energy requirements. We are supporting multiple C&I consumers with intensive energy requirements to join the green energy transition process through our customised green energy solutions.”
Mr. N. Gopal, Executive Director, Supreme Petrochem Limited, added, “By sourcing clean energy through this PDA with Tata Power Renewable, we are taking a significant step towards reducing carbon emissions and achieving our ESG goals of environmental protection to the greatest extent possible.”