Tata Power to develop Tata Motors' 7 MW solar project at Pantnagar manufacturing facility

13 Oct 2022 , 09:16 AM

Tata Motors Limited and Tata Power have entered into a Power Purchase Agreement (PPA) for a 7 MW captive solar power project at its Pantnagar plant in Uttarakhand.

According to the official release, collectively, this installation is expected to generate 215 million units of electricity, potentially mitigating over 1.7 lakh tonnes of carbon emissions. This is equivalent to planting over 2.72 lakh teak trees over a lifetime.

Commenting on the announcement, Shivram Bikkina, Chief — Solar Rooftop Business, Tata Power, “We are delighted to partner with Tata Motors to achieve their long-term green energy mandate. We expect to expand our collaboration in the coming years to provide more such green energy solutions to Tata Motors and regard them as a vital partner to achieve the larger group mandate to reduce our carbon footprint towards a Net Zero future. “

Anal Vijay Singh, Plant Head, Pantnagar Plant, Tata Motors, said, “Having won several awards, our Pantnagar plant has always been lauded for its efforts to reduce greenhouse gas emissions in order to achieve net-zero emission goal. The plant has been recognized across the industry for its long-successful energy conservation measures. With this agreement, we will further strengthen our journey towards a cleaner and greener future. “

Tata Power is working closely with Tata Motors on installing solar rooftop projects at some of their plants in India. These projects represent a significant step towards building a resilient and sustainable future for these manufacturing plants. To date, Tata Power has cumulatively installed 45 MW of solar rooftop across Tata Motors’ PV and CV plants in Pune, Pantnagar, Jamshedpur and Dharwar.

On Thursday early morning trade, Tata Power Company Ltd is currently trading flat at Rs217.95 per share while Tata Motors Ltd is currently trading at Rs396.45 per share down by Rs0.05 or 0.01% from its previous closing of Rs396.50 on the BSE.

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