Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power, has collaborated with Viraj Profile to set up a 100 MW captive solar plant at Nandgaon at its Nasik site in the state of Maharashtra.
TPREL has incorporated a special purpose vehicle (SPV), TP Nanded, which will undertake the construction, operation and maintenance of this captive solar power plant.
The plant is expected to generate about 200 MUs of energy and offset approximately 170.43 million kg of CO2 annually. As per captive generation rules, Tata Power will own 74 per cent of the generation while Viraj Profile will own the remaining 26 per cent.
The power generated will be used for captive consumption by Viraj Profile’s Tarapur plant.
The plant is likely to be commissioned by July 2023