Tata Power Renewable Energy Limited signs PDA valuing ₹ 105 crore with Tata Communications

Tata Power Renewable Energy Limited signs PDA valuing ₹ 105 crore with Tata Communications

15th February 2024: Tata Power Renewable Energy Limited (TPREL), one of India’s largest integrated power companies and a subsidiary of The Tata Power Company Limited, has signed a power delivery agreement with Tata Communications Limited (Tata Communications), a leading communications technology (commtech) player, for an 18.75 MW AC group captive solar power plant.

The project, facilitated through a special purpose vehicle (SPV) — Nivade Windfarm Limited — has acquired an estimated order value of ₹ 105 crore. Located in Aachegaon, Maharashtra, the plant is projected to generate approximately 40 MUs of power while offsetting more than 30,000 tonnes of CO2 emissions annually.

By incorporating renewable energy sources in its energy consumption mix, Tata Communications reaffirms its commitment to environmental responsibility and adopting eco-friendly energy alternatives. While the decision to ‘go green’ demonstrates feasibility and immense benefits of sustainable energy practices, it also reflects the broader efforts within the sector to reduce environmental impact and champion a more sustainable and responsible business ecosystem.

Commenting on the partnership, Mr. Deepesh Nanda, CEO and Managing Director, Tata Power Renewable Energy Limited, said, “We are pleased to partner with Tata Communications to support their transition to renewable energy and duly enable their progress in the digital ecosystem arena for being a market leader in Commtech space. Our customised green energy solutions such as Group Captive Solar will not only reduce operating costs but also increase energy efficiency, thus paving the way for a sustainable and future-ready sector.”

Mr. Manoj Tripathy, Vice President- Corporate Services, Tata Communications Limited said, “We are delighted to announce Tata Communications’ unwavering dedication to sustainability as a leading global commtech player, as demonstrated through our strategic collaboration with Tata Power Renewable Energy. This initiative sets a formidable example for the transition towards a greener future. It is a resolute pledge towards fostering a cleaner, more sustainable path for the future of commtech.”

Tata Power Renewable Energy Limited is strategically emphasizing on group captive projects to actively contribute to India’s ambitious target of achieving net-zero carbon emissions by 2070, while also addressing the distinctive renewable energy requirements of clients across various sectors. In recent months, the Company has achieved a significant milestone by surpassing a capacity of over 1.5 gigawatts (GW) in group captive projects. This accomplishment is attributed to the successful execution of Power Delivery Agreements (PDAs) that span a diverse range of industries, including steel, polystyrene, mining, iron casting, manufacturing, hospitality, and automotive, among others.

With the addition, the total renewables capacity of TPREL reached 9,015 MW* (PPA capacity is 7,629 MW), including 4,744 MW of projects in different phases of development. The company has an operating capacity of 4,271 MW, including 3,244 MW in solar projects and 1,027 MW in wind projects