Tata Power to install 26 MW solar plant for Neosym
POWER & RENEWABLE ENERGY

Tata Power to install 26 MW solar plant for Neosym

Tata Power Renewable Energy (TPREL) is set to establish a 26 MW captive solar power plant in Ahmednagar, Maharashtra, following the signing of a power delivery agreement (PDA) with Neosym Industry (Neosym), a prominent manufacturer of Gray & S.G. iron castings.

The PDA pertains to a 26 MW AC group captive solar plant, with the project anticipated to produce 59 million units of electricity annually. Commencing operations in March 2024, the solar facility is projected to reduce carbon emissions by 32,500 tonne each year.

Ashish Khanna, CEO of Tata Power Renewable Energy, expressed the significance of this partnership with Neosym in their commitment to providing clean and sustainable energy solutions to commercial and industrial consumers. This initiative represents a step towards expanding renewable energy capacity and curbing carbon emissions in India.

This recent development comes on the heels of Tata Power Renewable Energy's previous projects, including a 28.12 MW green energy plant for Sanyo Special Steel Manufacturing India Private Limited (SSMI) and a 6 MW captive solar plant for Chalet Hotels in Maharashtra. However, specific financial details of the Neosym project were not disclosed.

Industry estimates suggest that setting up 1 MW of solar energy capacity requires an investment of approximately Rs 50-60 million.

Tata Power Renewable Energy's total renewable energy capacity now stands at 7,821 MW, encompassing projects in various stages of implementation, with 3,689 MW under development. Their operational capacity comprises 4,132 MW, including 3,139 MW from solar sources and 993 MW from wind energy. This marks a significant contribution to India's clean energy landscape.
Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

Tata Power Renewable Energy (TPREL) is set to establish a 26 MW captive solar power plant in Ahmednagar, Maharashtra, following the signing of a power delivery agreement (PDA) with Neosym Industry (Neosym), a prominent manufacturer of Gray & S.G. iron castings.The PDA pertains to a 26 MW AC group captive solar plant, with the project anticipated to produce 59 million units of electricity annually. Commencing operations in March 2024, the solar facility is projected to reduce carbon emissions by 32,500 tonne each year.Ashish Khanna, CEO of Tata Power Renewable Energy, expressed the significance of this partnership with Neosym in their commitment to providing clean and sustainable energy solutions to commercial and industrial consumers. This initiative represents a step towards expanding renewable energy capacity and curbing carbon emissions in India.This recent development comes on the heels of Tata Power Renewable Energy's previous projects, including a 28.12 MW green energy plant for Sanyo Special Steel Manufacturing India Private Limited (SSMI) and a 6 MW captive solar plant for Chalet Hotels in Maharashtra. However, specific financial details of the Neosym project were not disclosed.Industry estimates suggest that setting up 1 MW of solar energy capacity requires an investment of approximately Rs 50-60 million.Tata Power Renewable Energy's total renewable energy capacity now stands at 7,821 MW, encompassing projects in various stages of implementation, with 3,689 MW under development. Their operational capacity comprises 4,132 MW, including 3,139 MW from solar sources and 993 MW from wind energy. This marks a significant contribution to India's clean energy landscape.

Next Story
Equipment

ATS ELGI Unveils Next-Gen Automotive Solutions at Bharat Mobility

ATS ELGI, India’s leading garage equipment manufacturer and a subsidiary of Elgi Equipments, showcased a ground-breaking line-up of advanced automotive service solutions at the Bharat Mobility Expo 2025. Highlighted innovations, including the ATS Touchless wheel aligner, high-performance collision repair system (CRS), advanced welding equipment, Specialised EV Equipment and demonstration of advanced diagnostics equipment using VR technology, were unveiled at Booth No. 7, Hall 02, during the Auto Expo Components Show held from January 18 to 21 at Yashobhoomi. At ATS ELGI, our vision is to re..

Next Story
Equipment

Hamm Launches New HC and HD Series Compactors for India

Hamm, a renowned leader in compaction technology, proudly announces the launch of its new HC and HD Series models tailored specifically for the India market. These innovative machines, which include the HD 99i, HD 109i, HC 119i, HC 119i D, and HC 139i D, are designed to meet the latest CEV Stage V emission standards while delivering exceptional performance and sustainability. HC Series: Advanced Soil Compactors Just like the previous HC Series models, the new soil compactors can be operated in an efficient ECO Mode reducing up to 20 per cent of fuel consumption. Another benefit in terms of c..

Next Story
Infrastructure Urban

MP CM Announces Formation of Municipal Corporation in Vidisha

Madhya Pradesh Chief Minister Mohan Yadav announced plans to establish a Municipal Corporation in Vidisha, aiming to bolster development in the region. CM Yadav highlighted that Vidisha has long been a focal point for the state's development, noting that the creation of the municipal corporation would contribute to further growth. He also promised that other key demands, such as integrating Vidisha Medical College and the District Hospital and advancing irrigation projects, would be addressed. "The formation of a municipal corporation will accelerate Vidisha's development. It will also ensure ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000