Tata Power to build100-MW captive solar park for steel manufacturer Viraj

• India's Tata Power Renewable Energy Ltd has actually protected a deal to set up a 100-MW captive solar power plant in India for domestic stainless-steel manufacturer Viraj Profile Pvt Ltd

The photovoltaic or pv (PV) capacity will certainly be mounted in the town of Nandgaon Nashik, Maharashtra state, as well as perseverance the client's manufacturing site in Tarapur. The project, according to Tata Power, will certainly make Viraj among the initial Indian companies utilizing solar power to supply their production.

Under Indian captive generation policies, Tata Power will certainly have 74% of the project, while Viraj will have the staying 26%.

As soon as in operation, the solar park will certainly generate around 200 million kWh yearly and counter more than 170 tonnes of carbon dioxide (CO2) exhausts, assisting Viraj cut its reliance on non-renewable source of power by 50%. The PV farm is slated to be placed on stream by July 2023.

Tata Power Renewable Energy is a subsidiary of Indian power manufacturer as well as solar equipment manufacturer Tata Power Co Ltd (BOM:500400). The company will certainly carry out the most recent project via an unique objective vehicle called TP Nanded Ltd, it said.