Tata Clean­tech funds largest pvt so­lar rooftop

Power Watch India - - DESPATCHES FINANCE -

Tata Clean­tech Cap­i­tal Ltd (TCCL) - a joint ven­ture be­tween Tata Cap­i­tal and In­ter­na­tional Finance Cor­po­ra­tion (IFC), has funded the so­lar rooftop pro­ject at the Na­tional Cen­tre for Per­form­ing Arts (NCPA), es­tab­lished and in­stalled by Avesta So­lar Pri­vate Ltd (ASPL) in Mum­bai. TCCL, the sole lender, dis­bursed a to­tal of Rs 2.36 crore to this pro­ject; the largest so­lar rooftop pro­ject in Mum­bai.

Due to the close prox­im­ity to the sea, the team had to an­tic­i­pate and work around chal­lenges like heavy wind loads and cor­ro­sion dam­age to so­lar pan­els while ex­e­cut­ing this pro­ject. The NCPA plays host to over 600 per­for­mances an­nu­ally and will stand to ben­e­fit greatly from this – given that the pro­ject has a ca­pac­ity of over 450 KW, with an ef­fec­tive re­duc­tion in Green­house gases to the tune of 15,000 met­ric tonnes over its life-span of 25 years. The in­stal­la­tion which has a life span of over 20-25 years is ca­pa­ble of gen­er­at­ing around 6.5 lakh units and is es­ti­mated to save NCPA’s ex­che­quer around Rs 50 lakhs per year. The pro­ject was mon­i­tored from its con­cep­tion to com­ple­tion by Freddy Talati, CEO of the As­so­ci­ated Build­ing Com­pany.

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