National, November 1st 2023:Mukand Limited, the pioneering force in the realm of specialty steel long products and heavy machinery in India, proudly announces a groundbreaking partnership with Tata Power Renewable Energy Limited (TPREL), a prestigious subsidiary of Tata Power and a key player in the renewable energy sector. This momentous collaboration marks the signing of a Power Delivery Agreement (PDA) for a cutting-edge 43.75 MW AC Group Captive Solar project located at Jamkhed in Maharashtra. The installation is poised to generate an impressive 99.82 MUs annually, thereby contributing significantly to India’s renewable energy goals.
This visionary project holds the potential to offset a substantial 54,687 Metric Tons of CO2 emissions per year, aligning seamlessly with Mukand Limited’s commitment to greener manufacturing practices. TPREL will spearhead the construction, operation, and maintenance of this group’s captive solar power plant, emphasizing stringent adherence to quality standards and environmental sustainability.
Scheduled for commissioning by March 2024, this solar venture represents a significant step towards Mukand Limited’s mission of sustainable energy sourcing for its manufacturing operations. The initiative also underlines TPREL’s dedication to empowering partners like Mukand Limited in embracing non-conventional energy solutions, fostering a greener future for the industry.
Commenting on this momentous collaboration, Mr. Shashibhushan Upadhyay, President, of Mukand Limited, expressed his gratitude, stating, “We are thankful for the collaborative efforts between Tata Power Renewables and Mukand Limited. This strategic partnership will not only drive our mission of sourcing clean energy for our manufacturing operations but will also bolster our commitment to meeting our climate change commitments.”
The Government of India’s proactive stance in promoting group captive projects has paved the way for accelerated renewable energy adoption. Through policy amendments and initiatives, the environment for collective investments in renewables has been nurtured, ensuring cost savings, emission reduction, and energy security for industries across the nation.