9, Feb 2024
Mukand Limited Powers Forward with 23.89 MWp Group Captive Solar Project
09th February, Mumbai: Mukand Limited, a distinguished Bajaj group company and a leading manufacturer of Alloy and Stainless-Steel long products, along with heavy machinery in India, has inked a groundbreaking Power Delivery Agreement (PDA) with Amplus Phoenix Energy Pvt Limited (APEPL), a proud member of the PETRONAS Group. This collaboration marks a significant step towards fostering clean energy solutions and sustainable practices in the steel manufacturing industry.
The 23.89 MWp Group Captive Solar project, nestled in the picturesque Hulkoti village in the Gadag district of Karnataka, embodies Mukand Limited’s commitment to environmental stewardship and energy efficiency. Expected to generate 36 MUs annually, this solar venture is projected to offset approximately 28,440 tonnes of CO2 emissions per year.
The collaboration with APEPL underscores Mukand’s dedication to reducing its carbon footprint and embracing non-conventional energy solutions. Scheduled for commissioning by March 2024, this solar power plant adheres to stringent quality standards and specifications, ensuring reliability and operational excellence. The aim of the installation is to meet the growing energy requirements of Mukand Limited and contribute to making their steel manufacturing processes and production greener. APEPL will undertake the construction, operation, and maintenance of this group captive solar power plant.
Mr. Shashibhushan Upadhyay, President of Mukand Limited, conveyed appreciation for the concerted endeavors of Amplus Phoenix Renewables and Mukand Limited. He remarked, “We express our gratitude and recognize the collaborative initiatives between Amplus Phoenix Renewables and our organization, Mukand Limited, to unlock the potential of clean and green energy through the execution of this strategic Power Purchase Agreement (PPA). This partnership aligns with our mission to procure clean energy to power our manufacturing operations and aids us in fulfilling our climate change commitments.”
Speaking on the occasion, Mr. Sharad Pungalia, MD & CEO of Amplus Group said, “Greening energy-intensive sectors like steel manufacturing is critical for a sustainable future, and we at Amplus are happy to contribute with our experience and expertise. We are confident of providing a stable and reliable source of green electricity to Mukand Limited as they contribute to the region’s environmental and economic development. With this agreement, we collectively commit ourselves to achieve a sustainable energy future.”
The adoption of green energy through this project marks a significant stride in Mukand Limited’s commitment to environmental sustainability. By harnessing clean and renewable energy sources, this initiative is poised to substantially reduce its carbon footprint, contributing to a healthier and greener planet. Embracing the principles of responsible corporate citizenship, this agreement not only underscores Mukand’s dedication to meeting climate change commitments but also exemplifies the pivotal role the corporate sector plays in driving positive environmental change. The transformative impact of this endeavor extends beyond the organization, fostering a collective responsibility to create a more sustainable future for generations to come.
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- By Rabindra
28, Oct 2023
Tata Power Renewable Energy Ltd. inks Power Delivery Agreement for 43.75 MW Group Captive Solar Plant
National, October 28th, 2023: Tata Power Renewable Energy Limited (TPREL), a leading player in the renewable energy sector and a subsidiary of The Tata Power Company Limited, signed a Power Delivery Agreement (PDA) with Mukand Limited, a Bajaj Group company and a leading manufacturer of specialty steel long products and heavy machinery in India, for a 43.75 MW AC Group Captive Solar project. Located at Jamkhed in Maharashtra, the installation will generate 99.82 MUs annually and is expected to offset ~54687 CO2 emissions per year.
The aim of the installation is to meet the growing energy requirements of Mukand Limited,and contribute to making their steel manufacturing processes and production greener. TPREL will undertake the construction, operation, and maintenance of this group captive solar power plant.
Scheduled for commissioning by March 2024, this project places a significant emphasis on adhering to stringent quality standards and specifications. The solar power plant’s primary objective is to fulfill Mukand Limited’s energy needs while promoting environment-friendly practices within their stainless-steel manufacturing operations. With this project, TPREL reinforces its commitment to empowering its partners to adopt non-conventional energy solutions.
Commenting on the partnership Mr. Ashish Khanna, CEO, Tata Power Renewable Energy Ltd. said, “The installation of this group captive project is in line with our commitment to provide clean and sustainable energy solutions to our C&I consumers, especially in the energy- intensive sectors. It will help to enhance renewable energy capacity and reduce carbon emissions in the country. Through this partnership we are forging a sustainable energy path for Mukand Limited, a Bajaj Group company.”
Mr. Shashibhushan Upadhyay, President, Mukand Limited, a Bajaj Group company, said, “We are thankful and acknowledge collaborative efforts between Tata Power Renewables and our organization, Mukand Limited, to harness the potential of clean and green energy by executing this strategic PPA. This partnership shall contribute to our mission of sourcing clean energy for our manufacturing operation and support us in meeting our climate change commitments.
With this addition, the total renewables capacity of TPREL reaches 7,946 MW, including 3,755 MW projects under various stages of implementation, and its operational capacity is 4,191 MW, which includes 3,185 MW solar and 1,006 MW wind.
