CEAT and Tata Power enter partnership to install 10 MW captive solar plant in Maharashtra

CEAT Tyres Limited has announced a partnership with Tata Power to establish a 10MW captive solar power plant in Solapur, Maharashtra.

The plant will be developed at Tata Power’s Solapur site for powering CEAT’s Bhandup plant unit. Tata Power has created a special purpose vehicle (SPV)TP Akkalkot Renewable Limited to undertake the construction, operation and maintenance of this plant. This plant will help CEAT offset about 17.43 million kg of carbon dioxide annually as the dependenceon non-renewable resources for meeting electricity needs of the Bhandup plant of CEAT is expected to be reduced by 50 per cent. CEAT will own 26 per cent of the captive solar power plant and Tata Power will own 74 per cent.

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