Tata Power Renewable Energy Limited (TPREL) will set up India’s first group captive solar plant for a residential society in Mumbai.
According to the report, the plant will exclusively generate solar power for the housing society located at Mahalaxmi, Mumbai, a senior official from Tata Power said on January 11.
“We will be generating 3 MW (megawatt) solar power at a plant which will be situated at Himayatnagar in Nanded, Maharashtra, which will be wheeled to Mumbai to cater exclusively to this housing society,” he said.
He added that the first-of-its-kind project in the city will result in
40 percent savings in
electricity bills for consumers (cheaper than grid) as
65 percent solar power will be supplied to meet the requirement of the society. The remaining 35 percent will be normal supply for the consumer, the report stated..
Source : Money Control