Tata Steel and Tata Power, two flagship companies of the salt-to-software conglomerate, have come together to develop a grid-connected solar project in Jharkhand and Odisha.
The two companies on Friday signed a Power Purchase Agreement (PPA) for a duration of 25 years to set up 41MW solar project, which will be a combination of rooftop, floating and ground-mounted solar panels.
As a part of the project, Tata Power will develop Photo Voltaic (PV) capacities for Tata Steel at Jamshedpur (21.97MWp) and Kalinganagar (19.22MWp).
Under this PPA, at Jamshedpur, Tata Power will develop rooftops PV with 7.57 MWp ( megawatt peak) capacity, while floating and ground-mounted capacity would be 10.80 MWp and 3.6MWp, respectively.
The ground-mounted PV will be installed at the Sonar airport in Jamshedpur.
Kalinganagar in Odisha will have 9.12 MWp rooftop PV capacities, and floating PV will constitute 10.10 MWp.
The estimated energy generation through 41.19MWp solar project is 6,02, 80,095 kWh for the first year. During its lifetime (i.e. for 25 years), the total energy generation would be 1,40,93,61,488 kWh.
Friday's announcement is yet another milestone in the common quest of both companies to become a sustainability-driven enterprise, committed to exploring clean energy solutions.
In March 2021, the two companies had announced to develop a 15MW solar project at Jamshedpur. This project would generate an average of 32 MUs ( million units ) of energy per year. It will help offset an average 25.8 million Kg of carbon-di-oxide annually.
Thanking Tata Power for partnering on this important initiative, Tata Steel CEO and managing director T.V.Narendran said: “Sustainability has always been a core principle that is embedded in our business philosophy and is backed by a long-term, holistic vision of achieving identified targets. We have taken several definitive steps across the value chain to reinforce our sustainability credentials. In recent past, projects on power generation from solar and non-conventional energy source have gained momentum across our operating locations. We will continue with our pursuit of clean energy solutions and expand our renewable energy footprint."
Tata Power CEO and managing director Praveer Sinha said: “We are glad to collaborate with Tata Steel to help reduce their carbon footprint and reaffirm the Tata Group’s commitment towards the adoption of clean energy. Tata Power and Tata Steel have been collaborating for a long time to meet the energy requirements through cleaner means. This blended solar PV project is yet another milestone in our shared vision of a better tomorrow and we look forward to working closely with them for covering all their other plants across the country.”
