Tata Power’s non-fossil operating capacity climbs to 3060 MW

Posted by: at 1/17/2017 03:53:00 am

Added 1346 MW of non-fossil fuel capacity in FY17 so far
Wind Capacity and Solar capacity significantly enhanced

National, 17th January, 2017 – Tata Power, India’s largest integrated power company, today announced that the Company’s total generation from non-fossil operating capacity stands at 3060 MW, making it the largest renewable energy Company in India. The Company’s robust non-fossil fuel portfolio comprises of 693 MW of Hydro, 918 MW of Solar, 1074 MW of Wind, and 375 MW of waste gas based generation. Taking a step further towards building a greener portfolio last year, the Company revised its share of non-fossil fuel based capacity up to 35-40% by 2025.

Tata Power’s non-fossil operating capacity climbs to 3060 MW


The Company’s wind generation capacity has also increased by 82% in FY17, up from 591 MW in FY 16 to 1074 MW in FY 17, and solar generation capacity has by 1539%, up from 56 MW in FY16 to 918 MW in FY17. The Company has several renewable energy projects located in the states of Maharashtra, Gujarat, Madhya Pradesh, and Rajasthan. The company is also in the process of implementing nearly 500 MW of renewable power projects at various locations.

In FY16, Tata Power Renewable Energy Ltd (TPREL), a wholly owned subsidiary of Tata Power, completed the acquisition of Welspun Renewables Energy Private Limited (WREPL) to become the largest Renewable Energy Company in India. WREPL has one of the largest operating solar portfolios in India spread across ten states. It has about 1,008 MW of Renewable Power Projects comprising of about 862 MW Solar Power Projects and about 146 MW of Wind Power Projects.

Speaking on this achievement, Mr. Anil Sardana, CEO & MD, Tata Power, said, “"We are delighted to have crossed the 3000 MW milestone for our operating non-fossil capacity. This is one of the many key milestones in our endeavor to generate 35-40 per cent of Tata Power's total generation capacity from clean energy sources. This mammoth leap is well in line with our aim to enhance and increase our non-fossil fuel capacity, and maintaining our value of sustainable growth. We will continue in our endeavors to further strengthen our operations with excellence and optimally utilise our resources to boost the generation capacity.”

About Tata Power Renewable Energy Limited:
TPREL is a wholly owned subsidiary of Tata Power. TPREL is Tata Power's primary investment vehicle for clean and renewable energy based power generation capacity. TPREL's present operating capacity is 1876 MW, comprising 841 MW wind and 915 MW solar and 120 MW of waste heat recovery capacity located in the states of Maharashtra, Gujarat, Madhya Pradesh, and Rajasthan. The company is also in the process of implementing nearly 500 MW of renewable power projects at various locations. In order to aggregate its clean and renewable energy portfolio, Tata Power has initiated the process of carving out its 500MW clean energy assets from its books into TPREL. TPREL is seeking to grow its renewable portfolio in India and in select international markets through organic and inorganic opportunities. With the acquisition of Welspun Renewable Energy Pvt. Ltd., and the project pipeline, TPREL's portfolio grows to about 2.2 GW making it the largest Renewable Energy Company in India. Visit us at www.tatapowerrenewables.com

About Tata Power:
Tata Power is India’s largest integrated power company with a growing international presence. The Company together with its subsidiaries and jointly controlled entities has an installed gross generation capacity of 10496 MW and a presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading. It has successful public-private partnerships in Generation, Transmission and Distribution in India namely “Tata Power Delhi Distribution Limited" with Delhi Vidyut Board for distribution in North Delhi, 'Powerlinks Transmission Ltd.' with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi and 'Maithon Power Ltd.' with Damodar Valley Corporation for a 1050 MW Mega Power Project at Jharkhand. Tata Power is serving more than 2.6 million distribution consumers in India and has developed the country’s first 4000 MW Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology. It is also one of the largest renewable energy players in India with a clean energy portfolio of 3042 MW. Its international presence includes strategic investments in Indonesia through a 30% stake in the leading coal company PT Kaltim Prima Coal (KPC), 26% stake in mines at PT Baramulti Suksessarana Tbk ("BSSR"); in Singapore through Trust Energy Resources to securitize coal supply and the shipping of coal for its thermal power generation operations; in South Africa through a joint venture called ‘Cennergi’ to develop projects in sub-Sahara Africa; in Zambia through 50:50 joint venture with ZESCO for 120 MW Hydro which has become operational in 2016; in Georgia through AGL which is a joint venture with Clean Energy, Norway & IFC for development of 185 MW hydro project which is scheduled to be commissioned in 2016;  in Australia through investments in enhanced geothermal and clean coal technologies and in Bhutan through a hydro project in partnership with The Royal Government of Bhutan. With its track record of technology leadership, project execution excellence, world class safety processes, customer care and driving green initiatives, Tata Power is poised for a multi-fold growth and committed to 'lighting up lives' for generations to come”. Visit us at: www.tatapower.com
  
Related Posts Plugin for WordPress, Blogger...

You May Also Like

Share Your Opinion