Titagarh inks solar power pact
Titagarh Wagons has signed a power purchase agreement with renewable energy firm Fourth Partner Energy to procure 4.8MW of solar power for its units in Bengal. The company plans to replace 25 per cent of its current annual electricity demand with clean energy.
Three installations in Titagarh and Uttarpara will be spread over 48,000 square metre of roof space which will offset over 1.3 lakh tonnes of carbon in the next two decades for Titagarh Wagons.
The installation is expected to be commissioned by January 2021.
“Apart from a significant reduction in our carbon footprint, solar power is cheaper than grid electricity. We expect to see substantial savings in our annual power cost through solar energy. We shall evaluate adding solar power capacity in these as well as other units to increase the percentage of clean energy used in our plants,” said Pritish Chowdhary, vice-president, Titagarh Wagons.