Tata Power joins Viraj Profile for captive solar plant

12 Sep 2022 CW Team

Tata Power Renewable Energy (TPREL), a subsidy of Tata Power, has collaborated with Mumbai-based stainless steel manufacturer Viraj Profiles to set up a 100-MW captive solar plant to provide power at its Tarapur plant. The plant will be located at Tata Power’s Nasik site and be commissioned by July 2023.

“We are pleased to announce the establishment of our new SPV (special purpose vehicle), TP Nanded, to construct a 100-MW solar power facility for Viraj Profiles. We believe that this will also inspire other energy-intensive sectors to join the movement for sustainable energy and shift their operations and services to clean energy sources,” said Ashish Khanna, chief executive of TPREL.

“Our alliance will work as a catalyst in achieving our sustainability goals toward carbon neutrality. This project will supply 50 per cent of our monthly electricity requirement,” said J P Garg, president, Viraj Profiles Ltd.

A press release said that with this plant, Viraj Profiles will become one of the first stainless steel long products manufacturing companies in India to use solar energy to run its manufacturing plant, reducing the company’s dependence on non-renewable power resources by about 50%.

It added that the plant would generate about 200 million units of energy and offset 170 million kg of carbon dioxide annually. As per captive generation rules, Tata Power will own 74 per cent of the generation while Viraj Profiles will own the rest.

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