OCTOBER 20258TATA POWER ARM TO INVEST 1,200 CR IN 80 MW FDRE PROJECTNESTLE INDIA SIGNS MOU WITH MOFPI TO BOOST ODISHA MANUFACTURINGTata Power Renewable Energy Ltd (TPREL) is entering into a landmark power purchase agreement (PPA) with Tata Power Mumbai Distribution to establish an 80 MW Firm and Dispatchable Renewable Energy (FDRE) project at an approximate investment of Rs 1,200 crore.The FDRE projects are the future stage of renewable generation because they integrate solar and wind energy with battery storage to facilitate a constant energy supply, even at peak hours. This combined solution enhances grid stability, minimizes carbon emissions, and supports the increasing At World Food India Summit 2025 in New Delhi, Nestle India signed a Memorandum of Understanding (MoU) with the Ministry of Food Processing Industries (MoFPI). Through this alliance, massive investments for both greenfield and brownfield projects in Odisha and the company's existing manufacturing locations would be made over a span of 2 to 3 years.In line with its expansion plan of 5,000 crore by 2025, Nestle India plans to increase local production, develop rural sourcing networks, and generate employment in manufacturing, logistics, quality, and allied services.demand in urban markets such as Mumbai for trustworthy green power.As per the exchange filing of Tata Power, the project will be implemented in a period of 24 months. One of its greatest attractions is that it can produce approximately 315 million units (MUs) of electricity every year and also reduce more than 0.25 million tons of carbon dioxide released per year.The company also stressed that a significant aspect of this initiative is the promise of 4-hour peak power supply, guaranteeing at least 90 per cent supply during peak demand hours to cater to the emerging energy demands of Tata Power Mumbai Distribution.The project will provide clean electricity to almost 8 lakh residential, commercial, and industrial customers in the city of Mumbai, once operational. It will also assist Tata Power Mumbai Distribution to meet the Renewable Purchase Obligation (RPO), which is required by the Regulatory Commission in the State.Through this addition, TPREL has a renewable utility capacity of 11.3 GW, which includes 9.4 GW of PPA-based projects, 5.7 GW of which are currently under implementation. It has an operational capacity of 5.6 GW, 4.6 GW solar, and 1 GW wind.This strategic initiative will make Tata Power one of the leaders in the shift towards renewable energy in India and will be in line with the national decarbonization agenda. The company runs a total of nine factories in different parts of the country and works closely with more than 100,000 farmers, who are engaged in dairy, coffee, spices, wheat, sugarcane, and rice production.Its products are taken to 10,000 distributors and redistributors, from which 5.2 million retail outlets are supplied. The MoU symbolizes Nestle India's love of the country's progressive tale and the notion of achieving a strong and inclusive food processing ecosystem by the government.The firm is targeting to develop sound, inclusive, and future-ready food systems, besides initiating infrastructure and brands. This step is in keeping with the widespread industry trend as foreign and domestic companies have pledged an investment of approximately 1.02 lakh crore in India's food processing sector during the World Food India Summit 2025.Nestle India's social responsibility programs have had an impact on over 16 million people, which include activities related to nutrition awareness, education, waste management, access to clean drinking water, sanitation, and food safety training for street food vendors.The company is also involved in the village adoption plan, which is aimed at promoting welfare activities among the community. TOP STORIESTOP STORIESTOP STORIES
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