You are here: Home » News-CM » Companies » News
Business Standard

Tata Power to build 50 MW solar PV power plant for NTT Com-Netmagic

Topics
Environment

Capital Market 

In Solapur, Maharashtra

NTT Com- Netmagic, a leading Managed Hosting and Multi-Cloud Hybrid IT solution provider in India announced a partnership with Tata Power, one of India's largest integrated Power Company, to build its first 50 MW Solar Photovoltaic (PV) power plant in Solapur, Maharashtra, India. This initiative enables NTT Com-Netmagic to meet the green energy needs and optimise operating costs.

This solar power project is aimed at reducing CO2 emission at an average by about 70,000 tonnes per annum, with the increased power and cooling demands of NTT Com-Netmagic's data centers in the city.

The power will be supplied through open access under a long-term power purchase agreement. Poolawadi Windfarm, a subsidiary of Tata Power Renewable Energy (TPREL) has signed definitive agreements to supply 50 MW solar power to NTT Com-Netmagic.

The capacity will be built in a phased manner with initial capacity of 35 MW increasing up to 50 MW within 24 months of initial commissioning of the plant.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, July 17 2019. 09:44 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU