Tata Power Renewable Energy Ltd (TPREL) on Friday said it has signed an agreement with Supreme Petrochem Ltd for setting up a 12.5 MW captive solar plant in Maharashtra.
It has already signed a Power Delivery Agreement (PDA) with Supreme Petrochem Ltd through a Special Purpose Vehicle (SPV) TP Saturn Ltd in this regard, TPREL said in a statement.
The plant will be set up at Achegaon in Maharashtra and will generate 27.5 million units of electricity every year.
The plant is expected to reduce carbon emissions by 20,075 metric tonnes per annum and is expected to be operational within eight months of the signing of the PDA.
