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Tata Power to increase Renewable Energy generation to 8000MW by 2017; Invest Rs.5000 Crore in Wind to augment generation to around 1000MW

Tata Power is India’s largest private power utility. The company has generation capacities in Mumbai, Delhi, Jojobera, Jharkhand and Karnataka.

Tata Power as an experienced project developer has identified the key challenges and opportunities in the RE space in project execution. They do not have a focus on biomass based projects due to the acute scarcity of biomass feedstock at a reasonable price. With respect to Solar Thermal, they have enough experience with respect to water that they have identified and acknowledged it as a key challenge and of course anything that poses a challenge to agriculture will face tough challenges from a clearances and approvals perspective.

According to this report, the company aims to have at least a 25 per cent of its power generation or around 8,000 MW from clean sources by 2017 and will invest around Rs 5,000 crore in wind-energy alone.

“We have set ourselves a target to achieve 25 per cent of our total generation from clean sources by 2017. These will comprise wind, solar, hydro, geo-thermal and gas. In wind-power alone, we will be investing around Rs 5,000 crore,” Tata Power’s executive director-strategy & business development, Banmali Agrawala, said in Mumbai.

The company, which presently has about 221.90 MW of wind capacity, plans to give a strong thrust to wind-energy as “it is the most commercially viable and established form of renewable energy,” he said.

The company is presently in the process of rolling-out 150 MW and an additional 750-800 MW will be added at the rate of around 100-150 MW annually through to 2017.

It costs around Rs six crore for generating 1 MW of wind-power presently, Agrawala said.

In solar, the company aims to have 300-400 MW capacity by 2017. The first steps will be taken by end-this year with the commissioning of a 3 MW plant at Mulshi in Maharashtra, he said.

Tata Power is also all set to sign a Power Purchase Agreement (PPA) with the Gujarat Government for a 25 MW plant to be commissioned by end-2011.

The company has earlier mentioned that it had a target of 30% of total capacity from “no-carbon power” by 2017.

Given the reasonable capital cost and the maturity of the technology, Tata Power has often repeated that they are betting big on wind energy.

The company has also bet big on geothermal energy and has an equity stake in Australia’s Geodynamics. It also has an agreement with the Gujarat state government to explore geothermal potential.

Tata Power led consortium comprising of Tata Power (47.50%), Origin Energy Limited (47.50%) and PT Supraco Indonesia (5%) successful won the bid for the Sorik Marapi geothermal project in Northern Sumatra, Indonesia. The Sorik Marapi project is estimated to support the development of approximately 240 MW of geothermal generation capacity.

Tata Power has also won the Satpura CBM block with our consortium partner Arrow Energy.

These expansion plans, seems to be in line with what Tata Power had outlined in its February 2010 presentation to analysts where the company said that it would focus on the top three renewable technologies of solar, geothermal and wind.

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