Tata Power Company’s subsidiary -- Tata Power Renewable Energy (TPREL) has collaborated with the leading Indian Stainless Steel manufacturer - Viraj Profile to set up a 100 MW captive solar plant. The plant will be developed by Tata Power at Nandgaon at its Nasik site and it will power Viraj Profile’s Tarapur Plant. With this, Viraj will become one of the first Stainless Steel Long Products manufacturing companies in India to use Solar Energy to run its manufacturing plant. With the commissioning of this plant, Viraj Profile's dependability on non-renewable power resources will be reduced by approximately 50%. The project will get commissioned by July 2023.
TPREL has created a special purpose vehicle (SPV) -- TP Nanded, which will undertake the construction, operation and maintenance of this captive solar power plant. The plant is expected to generate about 200 MUs of energy and offset approximately 170.43 million Kg of CO2 annually. As per captive generation rules, Tata Power will own 74% of the generation while Viraj Profile will own the remaining 26%. The power generated will be used for captive consumption by Viraj Profile’s Tarapur plant.
Tata Power Company is India’s largest integrated power company.
