Tata Power Company has tied up with Ceat to establish a 10MW captive solar plant at Tata Power's Solapur site for powering its tyre manufacturing facility in Bhandup (Mumbai). Tata Power has created a special purpose vehicle (SPV) -- TP Akkalkot Renewable -- which will be responsible for undertaking the construction, operation and maintenance of this captive solar power plant. While Ceat will hold 26 per cent stake in the SPV, Tata power will own 74 per cent, as per the captive generation rules.
Tata Power Company is India’s largest integrated power company.
