Tata Power Renewable Energy and Bajaj Group's Mukand Limited Setting Up 47.3 MW Captive Solar Plant

Plant set to generate 99.82 Million Units and offset over 54,687 tons of CO2 Emissions Annually

Tata Power Renewable Energy Limited (TPREL), a leading player in the renewable energy sector and a subsidiary of The Tata Power Company Limited, signed a Power Delivery Agreement (PDA) with Mukand Limited, a Bajaj Group company and a leading manufacturer of specialty steel long products and heavy machinery in India, for a 43.75 MW AC Group Captive Solar project. Located at Jamkhed in Maharashtra, the installation will generate 99.82 MUs annually and is expected to offset ~54687 CO2 emissions per year.

The aim of the installation is to meet the growing energy requirements of Mukand Limited, and contribute to making their steel manufacturing processes and production greener. TPREL will undertake the construction, operation, and maintenance of this group captive solar power plant.Scheduled for commissioning by March 2024, this project places a significant emphasis on adhering to stringent quality standards and specifications.

The solar power plant's primary objective is to fulfill Mukand Limited’s energy needs while promoting environment-friendly practices within their stainless-steel manufacturing operations. With this project, TPREL reinforces its commitment to empowering its partners to adopt non-conventional energy solutions.

Earlier this month, TPREL had signed a PDA with Endurance Technologies Limited, a leading auto component manufacturer founded by Anurag Jain (nephew of late Rahul Bsjaj), through a special purpose vehicle (SPV) TP Green Nature Limited, for the development of 12.5MW AC Captive Solar Plant at Aachegaon in Maharashtra. 

Commenting on the partnership Mr. Ashish Khanna, CEO, Tata Power Renewable Energy Ltd. said, "The installation of this group captive project is in line with our commitment to provide clean and sustainable energy solutions to our C&I consumers, especially in the energy- intensive sectors. It will help to enhance renewable energy capacity and reduce carbon emissions in the country. Through this partnership we are forging a sustainable energy path for Mukand Limited, a Bajaj Group company."

Mr. Shashibhushan Upadhyay, President, Mukand Limited, a Bajaj Group company, said, “We are thankful and acknowledge collaborative efforts between Tata Power Renewables and our organization, Mukand Limited, to harness the potential of clean and green energy by executing this strategic PPA. This partnership shall contribute to our mission of sourcing clean energy for our manufacturing operation and support us in meeting our climate change commitments.

With this addition, the total renewables capacity of TPREL reaches 7,946 MW, including 3,755 MW projects under various stages of implementation, and its operational capacity is 4,191 MW, which includes 3,185 MW solar and 1,006 MW wind.


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