Tata Power Renewable Energy Limited signs 12.5 MW PDA with Supreme Petrochem Limited – EQ
Tata Power Renewable Energy Limited (TPREL), one of India’s leading renewable energy players and a subsidiary of The Tata Power Company Limited has signed a Power Delivery Agreement (PDA) with Supreme Petrochem Limited for a 12.5 MW group captive project through a SPV – TP Saturn Limited.
Located in Achegaon, Maharashtra, the plant will generate around 27.5 million units (MUs) of renewable power annually.
Supreme Petrochem Limited is market leader in polystyrene and expandable polystyrene in India and is currently putting up an ABS plant (70 KTA) with a continuous mass process, a low-carbon footprint technology. The Company is committed to use the clean energy to run its production units.
The plant is expected to reduce carbon emissions by 20,075 metric tonnes per annum and is expected to be operational within eight months of the PDA signing.
Mr. Ashish Khanna, CEO, Tata Power Renewable Energy Limited, said, “Our alliance with Supreme Petrochem Limited to install 12.5 MW captive solar project will help them meet their sustainable energy requirements. We are supporting multiple C&I consumers with intensive energy requirements to join the green energy transition process through our customised green energy solutions.”
On this momentous occasion, Mr. N. Gopal, Executive Director, Supreme Petrochem Limited, stated that “By sourcing clean energy through this PDA with Tata Power Renewable, we are taking a significant step towards reducing carbon emissions and achieving our ESG goals of environmental protection to the greatest extent possible.”
The addition of this proposed group captive power plant elevates TPREL’s total renewable energy capacity to an impressive 7,902 MW. This includes 3,711 MW of projects in varying stages of development, highlighting TPREL’s firm commitment to extending its clean energy portfolio. Presently, the company operates at a capacity of 4,191 MW, comprising 3,185 MW from solar and 1,006 MW from wind energy.
