Tata Power Renewable Energy in 12.5 MW PDA with Supreme Petrochem Limited

Tata Power Renewable Energy Limited in 12.5 MW PDA with Supreme Petrochem Limited

Tata Power Renewable Energy Limited (TPREL), a renewable energy player and a subsidiary of 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 claims a large part of market for 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 firm is looking to use clean energy to run its production units.

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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.

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.”

N. Gopal, Executive Director, Supreme Petrochem Limited, stated,“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.”

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The addition of the group captive power plant takes TPREL’s total renewable energy capacity to 7,902 MW. This includes 3,711 MW of projects in varying stages of development. Presently, the firm operates at a capacity of 4,191 MW, comprising 3,185 MW from solar and 1,006 MW from wind energy.

Tata Power has been augmenting its group captive portfolio and in the last few weeks, it has made several announcements in this segment particularly in the Achegaon region of Maharashtra. The most recent one is a PDA with Xpro India Limited for the development of a 3.125 MW AC group captive solar plant.