New Delhi, Aug 1 (PTI) Tata Power on Thursday said its step-down subsidiary TP Parivart has inked a pact to set up a 70 MW solar project for Tata Steel at Akola in Maharashtra.

TP Parivart Ltd has signed a power delivery agreement with Tata Steel, one of the country's leading steel manufacturing companies, for a 70 MW group captive solar power plant at Akola, Maharashtra, a BSE filing said.

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The project is expected to generate 154 million units (MUs) of power annually and reduce carbon emissions by 1,15,000 tonnes, the filing said.

TP Parivart Ltd is a subsidiary of Tata Power Renewable Energy Ltd (TPREL) and TPREL is a subsidiary of Tata Power.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)