Tata Power Renewable Energy Ltd (TPREL) has inked a pact for building a 43.75 MW captive solar project for Mukand Ltd, a Bajaj Group firm.
Located at Jamkhed in Maharashtra, the installation will generate 99.82 MUs (million units) annually and is expected to offset 54,687 tonne CO2 emissions per year.
As per the Power Delivery Agreement (PDA), TPREL will undertake the construction, operation, and maintenance of the captive solar power plant, Tata Power said in a BSE filing on Friday.
The project is scheduled for commissioning by March 2024.
The plant's primary objective is to fulfil Mukand's energy needs while promoting environment-friendly practices within their stainless steel manufacturing operations.
TPREL is a subsidiary of Tata Power Ltd.