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Tamilnadu Petroproducts to Source 13.2 MW Captive Solar Power via Stake in Zelestra SPV

Tamilnadu Petroproducts Limited (TPL) has announced plans to procure 13.2 MW of captive solar power from Navia Three Power, a special purpose vehicle (SPV) of Zelestra India, as part of its strategy to increase renewable energy consumption.

To qualify under captive power generation norms outlined in the Electricity Act, 2003, TPL will acquire a 26 percent equity stake in the SPV. The company intends to invest approximately Rs7.33 crore in multiple tranches to complete the transaction.

In a regulatory filing, TPL stated that it has entered into an agreement with Navia Three Power to source around 19.8 MWp (DC) / 13.2 MW (AC) of solar power. The equity participation—capped at Rs7.326 crore—will be executed in phases.

The SPV has been established to develop a wind-solar hybrid power project in Tamil Nadu. The acquisition process is expected to be finalised by September 2026.

Strengthening Renewable Energy Portfolio

According to TPL’s Annual Report for FY2024–25, nearly 81 percent of the company’s total power consumption during FY25 was met through renewable sources. The company generated close to 105 million units of electricity from wind and solar installations during the year.

Looking ahead, TPL also plans to commission additional rooftop solar capacities of 230 kW at its heavy chemicals plant and 442 kW at its linear alkyl benzene facility in FY26.

With this latest captive solar arrangement, Tamilnadu Petroproducts continues to advance its clean energy transition while ensuring long-term power cost stability and compliance with regulatory requirements.