As Panchabuta has earlier mentioned, Tata Power has earlier announced plans to increase Renewable Energy generation to 8000MW by 2017 and had mentioned that they planned to invest Rs.5000 Crore in wind to augment generation to around 1000MW.
In line with those plans, Tata Power’s executive director-strategy & business development, Banmali Agrawala, had 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”, Agarwala 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.
In line with the announced plans, the company plans to add 60% of its present installed generation capacity of 3000MW, by commissioning over 1,900 MW from multiple sources in 2011, say reports, quoting Executive Director (Operations), S Padmanabhan.
The company will add another 100 MW of wind to its power portfolio in different pockets of the country, he said.
On the solar front, a 3 MW farm is ready at Mulshi on the outskirts of Mumbai, which will be commissioned next year. The company also entered into a pact with the Gujarat government to install a 25 MW capacity in the state, which will be commissioned next year, he said.
The Tata group company is currently examining possibilities to get into the highly-regulated sector but is looking for greater clarity on policy framework before crystallizing its plans, he added.