TPREL has inked a Power Delivery Agreement (PDA) with Mukand Limited, a Bajaj Group company known for specialty steel products and heavy machinery manufacturing in India.
The agreement is in relation to the 43.75 MW AC Group Captive Solar project located in Jamkhed, Maharashtra, expected to produce 99.82 MUs annually and reduce ~54687 CO2 emissions yearly. This project aims to meet Mukand Limited’s growing energy demands and promote greener steel manufacturing.
TPREL will handle construction, operation, and maintenance, with a target commissioning date of March 2024, emphasizing stringent quality standards.
Mr. Ashish Khanna, CEO, Tata Power Renewable Energy Ltd. said, “The installation of this group captive project is in line with our commitment to provide clean and sustainable energy solutions to our C&I consumers, especially in the energy-intensive sectors. It will help to enhance renewable energy capacity and reduce carbon emissions in the country. Through this partnership we are forging a sustainable energy path for Mukand Limited, a Bajaj Group company.”
Mr. Shashibhushan Upadhyay, President, Mukand Limited, a Bajaj Group company, added, “We are thankful and acknowledge collaborative efforts between Tata Power Renewables and our organization, Mukand Limited, to harness the potential of clean and green energy by executing this strategic PPA. This partnership shall contribute to our mission of sourcing clean energy for our manufacturing operation and support us in meeting our climate change commitments.”