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Tata Power Company’s arm signs Power Delivery agreement with Chalet Hotels

02 Sep 2023 Evaluate

Tata Power Company’s subsidiary -- Tata Power Renewable Energy (TPREL) has signed a PDA (Power Delivery Agreement) of Group Captive Project for 6 MW AC with Chalet Hotels, an owner, developer, asset manager and operator of high-end hotels, resorts and a hotel led mixed-use developer across India.

The plant will generate of 13.75 million units of clean energy from renewable sources under this arrangement. It will also reduce carbon emissions by around 9762 tonnes per year, aligning with the common vision of both the companies to build a brighter, cleaner future for the hospitality industry. TPREL is supporting multiple C&I consumers across the industrial spectrum - Steel, Automotive, Polymer, Hospitality, Retail, Realty, et al to harness the power of renewable energy for sustainable operations.

Tata Power Company is India’s largest integrated power company.


Peers
Company Name CMP
NTPC 327.00
Tata Power 361.00
Adani Power 202.35
Power Grid Corpn. 263.50
Adani Energy Solut. 1350.00
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