In a bid to promote sustainable production of green steel and reduce its carbon footprint, Indian steelmaker Tata Steel has firmed up plans to source solar energy from its group company Tata Power Limited for its Jharkhand steel mill in eastern India, a company official said on Thursday, March 4.
The official said that Tata Saurya, a renewable energy subsidiary of Tata Power Limited, has signed a power purchase agreement (PPA) with Tata Steel based on a project to develop a 15 MW solar project at Jamshedpur, where the latter’s steel mill is located.
The agreement to supply solar power to Tata Steel will be valid for 25 years from the date of completion of the project.
“We are glad to collaborate with Tata Steel to reduce its carbon footprint and reaffirm the Tata Group’s committing towards sustainability. Presently, the association is limited to Tata Steel in Jamshedpur plant and we look forward to working closely with them for covering all their other steel mills across India,” Praveer Sinha, CEO of Tata Power, said in a statement.