Tata Power is India’s largest private power utility. Tata Power as an experienced project developer has identified the key challenges and opportunities in the RE space in project execution. The company said that it would focus on the top three renewable technologies of solar, geothermal and wind as far as it is concerned in India.
Tata Power has set a target of having 30% of total capacity from “no-carbon power” by 2017 and has earlier talked about plans to add 100MW to 150MW of wind capacity every year.
In line with their earlier announcements, the company said it will invest Rs1,300-crore in FY 12 to add 185 MW generation capacity from wind and solar energy.
In May this year the company said that it plans to commission its total 150 MW wind power capacity in Maharashtra and Tamil Nadu by December-end.
In its latest earnings report for Q1 FY12, the company has said that, installed capacity in wind stands at 273 MW and plants are spread across four states-Maharashtra, Gujarat, Tamil Nadu and Karnataka, the leading states in promoting wind power generation in India. Additional 93 MW of capacity is under commissioning the company added.
The Company is also developing a 25 MW solar PV plant in Mithapur, Gujarat and has signed a PPA with GUVNL for the same.
In the geothermal space, Tata Power led consortium along with Origin Energy, Australia and PT Supraco, Indonesia won the 240 MW Sorik Marapi Project. The expected COD for the project is June 2015.