Tata Power Signs Agreement to Supply Green Power to Force Motors & Jaya Hind Industries

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Updated On: 16-Dec-2023 05:17 AM

Under this agreement, Dr Abhay Firodia Group of Companies - Force Motors Ltd and Jaya Hind Industries Pvt Ltd will utilise 6.2MW and 7.0MW for 25 years, respectively.

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power Company Limited, has signed a Power Delivery Agreement (PDA) with Dr Abhay Firodia Group of Companies to supply green power for 25 years under the Group Captive Scheme.

Under this agreement, Dr Abhay Firodia Group of Companies - Force Motors Ltd and Jaya Hind Industries Pvt Ltd will utilise 6.2MW and 7.0MW for 25 years, respectively. Force Motors will be consuming 13.64 Million Units (MU) of power annually while Jaya Hind Industries will consume 15.4 million units annually.

Significance of The Partnership

This strategic partnership marks a significant step forward to sustainable energy solutions. This project showcases TPREL’s commitment to providing eco-friendly energy alternatives with an expected reduction of an estimated 21,200 metric tons of carbon emissions per year.

Located in Achegaon, Maharashtra, this project has a goal to generate 29.04 MUs of green power annually. This project is scheduled to be completed within 12 months of the signing of the PDA.

As per the agreement, Dr Abhay Firodia Group of Companies will enjoy a reliable energy source while actively contributing to environmental sustainability.

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TPREL’s Role and the Official Statements

TPREL’s role in this partnership is the most important one, with overseeing the development, maintenance and management of this group captive solar power facility. This partnership represents the commitment and efforts of TPREL to guide the energy industry towards sustainable energy solutions.

The Managing Director of Force Motors Limited and Jaya Hind Industries Private Limited - Mr. Prasan Firodia said, "We are thrilled about the prospects this partnership brings. By aligning with TPREL, we not only address our energy needs but also play a part in shaping a sustainable future. This collaboration reflects our shared values of environmental responsibility and sets the stage for impactful, eco-friendly initiatives."

The CEO & MD of Tata Power Renewable Energy Ltd - Mr. Deepesh Nanda said, about the partnership, "We are excited to highlight the transformative significance of our collaboration with Force Motors Limited and Jai Hind Industries Private Limited. This strategic alliance marks a pivotal moment in our pursuit of sustainable energy solutions, uniting industry expertise to pioneer cleaner, greener power solutions. We are enthusiastic about our collective commitment to setting new benchmarks and contributing to a more environmentally conscious for automobile sector.”