SASTRA has inked a pact with Tata Power Trading Company (TPTCL) under which the latter will sell electricity generated from the facilities to the university for 15 years, the private solar firm said in a release here.
Tata Power Solar today said it has commissioned 1.25 MW rooftop projects at SASTRA University's Thanjavur and Kumbakonam campuses in Tamil Nadu.
SASTRA has inked a pact with Tata Power Trading Company (TPTCL) under which the latter will sell electricity generated from the facilities to the university for 15 years, the private solar firm said in a release here.
Commissioned as a part of the university's green energy efforts, the plants are likely to offset 30 percent of its total power consumption.
These plants will generate nearly 20 lakh units of power annually and reduce more than 1,600 tonne of carbon dioxide emission, the company said.
Set up on 11 buildings across the two campuses, these plants come with in-built grid interactive string inverters to achieve efficiency up to 98 per cent and reduce losses.
To further minimise transmission and distribution losses, power generated by each rooftop plant will be used by the same building.
Tata Power stock price
On April 06, 2015, Tata Power Company closed at Rs 77.05, down Rs 0.5, or 0.64 percent. The 52-week high of the share was Rs 115.25 and the 52-week low was Rs 73.60.
The company's trailing 12-month (TTM) EPS was at Rs 3.26 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 23.63. The latest book value of the company is Rs 52.69 per share. At current value, the price-to-book value of the company is 1.46.
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