Two Tata group companies — Tata Steel and Tata Power — on Friday signed a power purchase agreement (PPA) to set up 41MW grid-connected solar projects in Jharkhand and Odisha.
The agreement, which will be in force for 25 years, will be applicable for a combination of rooftop, floating and ground-mounted solar panels. Under the project, Tata Power will develop photo-voltaic (PV) modules for Tata Steel in Jamshedpur (21.97MWp) and Kalinganagar in Odisha (19.22MWp) and the installation would be completed in seven months.
According to industry sources, the projects will help save 45,210 tonnes of carbon dioxide per year and 10,57,021 tonnes during their lifetime (25 years).
