The FINANCIAL — Tata Power, one of India’s largest integrated power companies, plans to increase generation capacity to 646.7MW from green energy sources by executing projects which are in advanced stages.
The FINANCIAL — Tata Power, one of India’s largest integrated power companies, plans to increase generation capacity to 646.7MW from green energy sources by executing projects which are in advanced stages. Tata Power has a gross installed capacity of 912MW from clean energy sources of which 447MW comes from hydropower, and 465MW comes from renewable sources of energy, namely, wind and solar power, according to Tata Sons Ltd.
Tata Power’s clean energy projects comprise hydro power projects in Maharashtra with a gross installed capacity of 447MW; wind farms in Maharashtra, Gujarat, Karnataka, Tamil Nadu and Rajasthan, with gross installed capacity of 437MW, and solar projects in Maharashtra, Gujarat and Delhi, with gross installed capacity of 28MW.
“We are one of the largest independent power producers in India, with a strong track record of successful implementation of large and complex projects across the power sector. Our clean and renewable energy projects will allow us to reduce the overall carbon footprint and further diversify our energy portfolio to reduce fuel price risk. We intend to continue to improve our operational efficiency across all our businesses in the coming years,” said Anil Sardana, managing director, Tata Power.
The company is constantly monitoring opportunities for the further development of wind power projects in India. Tata Power is also actively exploring hydroelectricity opportunities, the feasibility of standalone biomass-based power plants and possibilities for geothermal generation.
The Tata Power Company Limited is proposing, subject to market conditions and other considerations, to make a rights issue of its securities and has filed a letter of offer with the Securities and Exchange Board of India ("SEBI"), BSE Limited and National Stock Exchange of India Limited, according to Tata Sons Ltd.
Discussion about this post