Viraj Profiles partners with Avaada Energy to install solar power plant – EQ Mag
New Delhi : Stainless steel maker Viraj Profiles on Thursday said that it has partnered with Avaada Energy to set up a 100MW captive solar plant at Tarapur.
“Viraj Profiles along with Avaada Energy shall set up a Special Purpose Vehicle (SPV) to build a 100 MW captive solar plant,” the company said.
In a media statement, the company said that the proposed captive power unit would be commissioned by February 2024.
“The power generated will be used for captive consumption by Viraj Profile Limited’s Tarapur plant, whose power dependability on non-renewable resources will be reduced by 50%,” said the statement.
Commenting on the tie-up, Viraj Profiles CMD Neeraj Kochhar said, “We are glad to associate with Avaada Energy Pvt Ltd. Our alliance will work as a catalyst in the process of achieving our sustainability goals towards creating carbon-neutral environment for the future generation.”
“Viraj is the First Stainless Steel Long products manufacturing company in India which is going to use Solar Energy for running its manufacturing plants and operations. This Solar Power project is going to supply 50% of our total monthly electricity requirement,” he further said.
Source: UNI
